10090 S Gessner - Retail FOR SALE


Houston, TX 77031- Greater Fondren Southwest
$990,000 USD
832-404-0412
10090 S Gessner, Houston, TX for Sale
$990,000 USD
Retail - FOR SALE
1/9
null | 7.9% Cap Rate

10090 S Gessner
Houston, TX 77031
Greater Fondren Southwest


HIGHLIGHTS

  • 100% occupied, with a tenant who is experienced in the industry
  • 7.93% cap rate on weighted-average NOI
  • Contractual rent escalations built into the term
  • Personal guaranty
  • Low landlord expense load
  • Frontage on South Gessner Road; dense infill trade area

OVERVIEW

Introducing a prime investment opportunity in Houston, TX! This 2,400 SF building on S Gessner Rd boasts 100% occupancy, representing an ideal scenario for an investor. With excellent frontage and visibility, this property offers a perfect location for an investment acquisition. The established automotive use comes with operational infrastructure, while easy access to major roadways and nearby retail corridors enhances its appeal. During challenging economic conditions, including COVID-19, the business has showcased remarkable resilience, making this property a promising addition to any investment portfolio. Strategically located on S. Gessner Road in Southwest Houston, this investment property offers convenient access to major thoroughfares, established residential communities, and a large customer base. The property is currently occupied by a strong tenant with extensive experience in the automotive industry, providing an attractive opportunity for an investor seeking stable, passive rental income. With an experienced operator already in place, this income-producing property offers immediate cash flow without the responsibilities of operating the business. Its Houston location, established automotive use, and tenant stability make it a compelling addition to an investor’s commercial real estate portfolio.

FOR SALE DETAILS

PRICE

$990,000 USD

PRICE/SF

$413 USD /SF

CAP RATE

7.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,853 SF

ZONING

-

APN/PARCEL ID

1140110000004

ASK ABOUT THIS PROPERTY

Lana NimriColdwell Banker Commercial UniversalMore Info
832-404-0412

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Lana NimriColdwell Banker Commercial UniversalMore Info
832-404-0412

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.