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8901-8979 Richmond Ave
Houston, TX 77063
Richmond @ Fondren Center · Commerce de détail Propriété À vendre


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Faits saillants de l'investissement
- 30-Year Occupancy by Anchor Tenant
- 100% Occupied by 10 Tenants plus 2 Outparcels
- Upside via Corner Pad Site
- Corner Location with ±60,302 VPD
- Weighted Average Occupancy of over 10 Years
- Huge Population Base & Affluent Customers - 544,000+ people & an Avg. HHI over $120,000 within 5 miles
Résumé de l'annonce
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in Richmond & Fondren Plaza located at 8901-8979 Richmond Ave., Houston, TX 77063. The plaza is currently 100% occupied.
The center is 44,616 SF and includes a diverse mix of tenants — 10 tenants in the main retail center, 2 outparcels. The tenants have an average weighted occupancy of over 10 years. The anchor tenant, Metropolis & Extravaganza (M&E), has been here over 30 years, since late 1994. M&E just signed a new 5-Year extension starting 10/1/2026 with 2% annual rent increases.
The pad site directly on the corner of Fondren Road and Richmond Avenue may be included or excluded from the sale. The owner had a LOI starting at $217,200 NNN for 5 Years. That tenant took some in-line space.
The center is 44,616 SF and includes a diverse mix of tenants — 10 tenants in the main retail center, 2 outparcels. The tenants have an average weighted occupancy of over 10 years. The anchor tenant, Metropolis & Extravaganza (M&E), has been here over 30 years, since late 1994. M&E just signed a new 5-Year extension starting 10/1/2026 with 2% annual rent increases.
The pad site directly on the corner of Fondren Road and Richmond Avenue may be included or excluded from the sale. The owner had a LOI starting at $217,200 NNN for 5 Years. That tenant took some in-line space.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
44 616 pi²
Classe d’immeuble
C
Année de construction
1979
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,22
Taille du lot
4,70 AC
Zonage
N/AV, Houston - Commercial
Stationnement
150 places (3,36 places par 1 000 pi² loué)
Façade
558’ sur Richmond Ave
Impôts fonciers
| Numéro de lot | 0974010000010 | Évaluation des bâtiments | 3 308 492 $ CAD |
| Évaluation du terrain | 12 261 720 $ CAD | Évaluation totale | 15 570 212 $ CAD |
Impôts fonciers
Numéro de lot
0974010000010
Évaluation du terrain
12 261 720 $ CAD
Évaluation des bâtiments
3 308 492 $ CAD
Évaluation totale
15 570 212 $ CAD
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