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8201-8235 Broadway St
Houston, TX 77061
Broadway Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 54% of the GLA, expiring without options (32.5% average below market rate)
- Significantly below replacement cost
- Opportunity to increase NOI 55%+ by Year 10
EXECUTIVE SUMMARY
Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to offer the opportunity to acquire Broadway (the “Property”), a 100% leased, 76,413 square foot Blink Fitness-anchored shopping center located in the Southeast Submarket of Houston, Texas. The shopping center is located at the highly trafficked corner of Broadway St and Bellfort Ave, with a fitness anchor ranked in the 84th percentile of fitness centers within 15 miles. With 5.6 years of WALT, and an average mark-to market of +/- 30% on in-place tenants’ rents, Broadway provides investors with the ability to push rents with 10 out of the 14 tenants expiring without fixed-rate options.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
76,413 SF
Building Class
B
Year Built/Renovated
1971/1996
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
6.20 AC
Zoning
None - Unrestricted
Parking
397 Spaces (5.2 Spaces per 1,000 SF Leased)
AMENITIES
- Signalized Intersection
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $11,411,503 CAD | |
| Land Assessment | $1,913,504 CAD | Total Assessment | $13,325,007 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,913,504 CAD
Improvements Assessment
$11,411,503 CAD
Total Assessment
$13,325,007 CAD
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