Share This Listing

Message

962 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • Busy area. 100% occupied.

Executive Summary

Prime investment opportunity in Houston’s thriving Greater East End. This triple-net leased retail property is strategically located at the busy intersection of S 75th Street and Lawndale Street, benefiting from strong visibility and consistent traffic.
The property is 100% occupied with stable tenants in place, providing immediate, reliable income.
Scheduled rent increases in 2027 are projected to bring the cap rate to approximately 8%, offering future upside for investors.
For more information, please email with any questions.
7122 & 7124 Lawndale St, Houston, TX 77023

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,288 SF
Building Class
C
Year Built/Renovated
1950/2022
Price
$1,629,600 CAD
Price Per SF
$308.17 CAD
Cap Rate
5.88%
NOI
$95,739 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
0.34 AC
Parking
20 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
93’ on Lawndale St

Amenities

  • Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
70/100

Nearby Major Retailers

La Michoacana Meat Market
Frost National Bank
Denny's
Bank of America

Property Taxes

Property Taxes

Parcel Number
0410300000420
Land Assessment
$307,562 CAD
Improvements Assessment
$647,722 CAD
Total Assessment
$955,283 CAD
  • Listing ID: 34089079

  • Date on Market: 2024-12-05

  • Last Updated:

  • Address: 7122 Lawndale St, Houston, TX 77023

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}