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5808-5812 Cullen Blvd 5,150 SF Retail Building Houston, TX 77021 $1,362,160 CAD ($264.50 CAD/SF) 8% Cap Rate
Investment Highlights
- Inside the 610 Loop
- Busy area
- Located in the heart of Houston
- Property comes with empty lot next to it.
- Reduced price
Executive Summary
Prime investment opportunity in the heart of Houston. This triple-net leased retail property is ideally positioned near the Texas Medical Center and the University of Houston, offering strong visibility and steady traffic at the intersection of Griggs Rd and Cullen Blvd. A current survey is available for review.
One storefront is currently vacant, presenting an immediate value-add opportunity with the potential to generate approximately $33K in additional annual income. At full occupancy, the property could produce around $113K in yearly revenue, reflecting an estimated cap rate of approximately 11%.
The sale also includes the adjacent lot, adding further flexibility and upside potential.
Please email for any questions.
One storefront is currently vacant, presenting an immediate value-add opportunity with the potential to generate approximately $33K in additional annual income. At full occupancy, the property could produce around $113K in yearly revenue, reflecting an estimated cap rate of approximately 11%.
The sale also includes the adjacent lot, adding further flexibility and upside potential.
Please email for any questions.
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,150 SF
Building Class
C
Year Built/Renovated
1960/2020
Price
$1,362,160 CAD
Price Per SF
$264.50 CAD
Cap Rate
8%
NOI
$108,973 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
N/Ap, Houston
Parking
16 Spaces (3.11 Spaces per 1,000 SF Leased)
Frontage
136’ on Cullen Blvd
Amenities
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Tortilleria LABendicion DeDios Restaurant
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Unique Interior Design Studio
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Vacancy
- Retailer
-
99,999 SF
-
$9.99
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Tortilleria LABendicion DeDios Restaurant | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Unique Interior Design Studio | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Vacancy | Retailer | 99,999 SF | $9.99 | - | - |
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0581730000003 | Improvements Assessment | $0 CAD |
| Land Assessment | $188,258 CAD | Total Assessment | $188,258 CAD |
Property Taxes
Parcel Number
0581730000003
Land Assessment
$188,258 CAD
Improvements Assessment
$0 CAD
Total Assessment
$188,258 CAD
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5808-5812 Cullen Blvd
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