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4429 Griggs Rd
Houston, TX 77021
Griggs Road Shopping Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Internet-resistant tenant lineup with strong anchors.
- Signalized intersection
- Incredible visibility and access.
- Easy access to major highways.
EXECUTIVE SUMMARY
Multi-Tenant Investment Opportunity
INTERNET RESISTANT TENANT LINE UP WITH STRONG ANCHORS
The Property is anchored by Family Dollar, Rent-A-Center and CitiTrends (#6 ranked location in Houston MSA based on daily visits) and is comprised of a strong internet resistant tenant lineup providing various retail, service and medical offerings to the immediate and surrounding areas.
INCREDIBLE VISIBILITY AND ACCESS
Griggs Rd Shopping Center has incredible visibility along Griggs Rd, Cullen Blvd and Old Spanish Trail with exposure to over 50,000 cars per day. Ease of access in and around the Property is provided by an abundance of ingress/egress points: three (3) along Cullen Blvd and two (2) along Griggs Rd.
SIGNALIZED INTERSECTION
Griggs Rd Shopping Center is ideally positioned at the signalized intersection of Griggs Rd and Cullen Blvd.
EASY ACCESS TO MAJOR HIGHWAYS
The center is strategically located at the intersection of Griggs Rd & Cullen Blvd with easy access to several major highways in the Houston MSA including: US-90 ALT, Highway 288, Loop 610 and Interstate 45.
INTERNET RESISTANT TENANT LINE UP WITH STRONG ANCHORS
The Property is anchored by Family Dollar, Rent-A-Center and CitiTrends (#6 ranked location in Houston MSA based on daily visits) and is comprised of a strong internet resistant tenant lineup providing various retail, service and medical offerings to the immediate and surrounding areas.
INCREDIBLE VISIBILITY AND ACCESS
Griggs Rd Shopping Center has incredible visibility along Griggs Rd, Cullen Blvd and Old Spanish Trail with exposure to over 50,000 cars per day. Ease of access in and around the Property is provided by an abundance of ingress/egress points: three (3) along Cullen Blvd and two (2) along Griggs Rd.
SIGNALIZED INTERSECTION
Griggs Rd Shopping Center is ideally positioned at the signalized intersection of Griggs Rd and Cullen Blvd.
EASY ACCESS TO MAJOR HIGHWAYS
The center is strategically located at the intersection of Griggs Rd & Cullen Blvd with easy access to several major highways in the Houston MSA including: US-90 ALT, Highway 288, Loop 610 and Interstate 45.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
77,029 SF
Building Class
C
Year Built/Renovated
1952/1984
Price
$14,548,557 CAD
Price Per SF
$188.87 CAD
Cap Rate
6.50%
NOI
$945,656 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.44
Lot Size
4.03 AC
Opportunity Zone
Yes
Parking
408 Spaces (5.09 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,373,254 CAD | |
| Land Assessment | $8,451,816 CAD | Total Assessment | $9,825,070 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$8,451,816 CAD
Improvements Assessment
$1,373,254 CAD
Total Assessment
$9,825,070 CAD
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