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Tamar Plaza 6880 Telephone Rd 16,321 SF 100% Leased Retail Building Houston, TX 77061 $2,652,248 CAD ($162.51 CAD/SF) 7.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Investment Type: Value Add with opportunity to increase NNN based on current lease agreements
- Location: 1 mile from Hobby Airport
- Size: 16,000 SF building on 0.84 acres
- Occupancy: 100% Leased
- Traffic Counts: Telephone Road frontage with over 34,000 VPD
- Tenant Mix: Providers of everyday needs like salons, markets, and restaurants
EXECUTIVE SUMMARY
f you're seeking immediate income alongside continuous traffic, Tamar Plaza fulfills all your requirements. This approximately 16,000 square foot neighborhood strip center, situated on about 0.84 acres, is located in the Hobby Airport corridor, directly facing 34,000+ vehicles daily on Telephone Road. Fully leased to a variety of essential service tenants catering to locals, airport staff, and travelers, it offers a cash-flowing retail investment for just $1,900,000.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
16,321 SF
Building Class
C
Year Built/Renovated
1958/2003
Price
$2,652,248 CAD
Price Per SF
$162.51 CAD
Cap Rate
7.20%
NOI
$190,962 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.45
Lot Size
0.84 AC
Zoning
None
Parking
40 Spaces (2.45 Spaces per 1,000 SF Leased)
Frontage
202’ on Telephone Rd
AMENITIES
- Corner Lot
- Fenced Lot
- Pylon Sign
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0600170280001 | Improvements Assessment | $1,418,403 CAD |
| Land Assessment | $257,289 CAD | Total Assessment | $1,675,692 CAD |
PROPERTY TAXES
Parcel Number
0600170280001
Land Assessment
$257,289 CAD
Improvements Assessment
$1,418,403 CAD
Total Assessment
$1,675,692 CAD
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Tamar Plaza | 6880 Telephone Rd
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