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100% Leased | 6-Tenant Trophy Retail Center 4145 Gessner Rd 18,228 SF 100% Leased Retail Building Houston, TX 77080 $10,930,700 CAD ($599.67 CAD/SF) 6.65% Cap Rate
Investment Highlights
- ?Trophy Asset in Houston | Newer construction (2023) 6-suite retail center with end cap drive-thru, totaling ±18,228 SF.
- ?Prime Location with High Traffic Counts
- ?100% Leased with Strong Tenant Mix
- ?Houston Market Strength
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire a newly constructed, stabilized retail center located at 4145 Gessner Road in Houston, Texas.?
Built in 2023, the ±18,228-square-foot center is situated on ±1.67 acres and features a strong national and regional tenant lineup, including The UPS Store, Marco's Pizza, Mendoza Mexican Grill, Tom n Tom's Coffee, Logos Dental, and Monarch Behavioral Therapy.? The property offers a weighted average lease term (WALT) of approximately + 7 years and generates annual net operating income of $531,820, providing investors with stable, predictable cash flow secured by NNN leases with minimal landlord responsibilities limited to roof and structure.?
Strategically positioned along Gessner Road, a high-traffic corridor surrounded by dense residential neighborhoods, schools, and major employers, the center benefits from excellent visibility and daily exposure.? This offering represents a rare opportunity to acquire a newly built, multi-tenant retail asset in one of Houston's most dynamic submarkets—backed by high-quality tenants, strong lease terms, and long-term income stability.?
Built in 2023, the ±18,228-square-foot center is situated on ±1.67 acres and features a strong national and regional tenant lineup, including The UPS Store, Marco's Pizza, Mendoza Mexican Grill, Tom n Tom's Coffee, Logos Dental, and Monarch Behavioral Therapy.? The property offers a weighted average lease term (WALT) of approximately + 7 years and generates annual net operating income of $531,820, providing investors with stable, predictable cash flow secured by NNN leases with minimal landlord responsibilities limited to roof and structure.?
Strategically positioned along Gessner Road, a high-traffic corridor surrounded by dense residential neighborhoods, schools, and major employers, the center benefits from excellent visibility and daily exposure.? This offering represents a rare opportunity to acquire a newly built, multi-tenant retail asset in one of Houston's most dynamic submarkets—backed by high-quality tenants, strong lease terms, and long-term income stability.?
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
18,228 SF
Building Class
C
Year Built
2023
Price
$10,930,700 CAD
Price Per SF
$599.67 CAD
Cap Rate
6.65%
NOI
$726,892 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
2.29 AC
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1213720060003 | Improvements Assessment | $3,909,450 CAD |
| Land Assessment | $2,425,527 CAD | Total Assessment | $6,334,977 CAD |
Property Taxes
Parcel Number
1213720060003
Land Assessment
$2,425,527 CAD
Improvements Assessment
$3,909,450 CAD
Total Assessment
$6,334,977 CAD
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100% Leased | 6-Tenant Trophy Retail Center | 4145 Gessner Rd
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