13712 Walters Rd - Retail FOR SALE


Houston, TX 77014
$1,899,000 USD
713-459-1333
13712 Walters Rd, Houston, TX for Sale
$1,899,000 USD
Retail - FOR SALE
1/6
null | 7.52% Cap Rate

13712 Walters Rd
Houston, TX 77014


HIGHLIGHTS

  • Attractive Going-In Cap Rate
  • Diversified, Service-Based Tenant Mix
  • Located on Hard, Signalized Corner Walters Road and Sablechase Drive
  • Contractual Rent Growth
  • Priced Below Replacement Cost

OVERVIEW

Marcus & Millichap is pleased to exclusively list for sale Sablechase Plaza, located at 13712 Walters Road in Houston, Texas. This 12,980-square-foot retail center is located on the hard, signalized corner of Walters Road and Sablechase Drive. The subject property is 100 percent occupied, accommodating five tenants. Sablechase Plaza is offered at a price of $1,899,000 ($146/SF), which is below replacement cost. Factoring a net operating income of $142,887, the cap rate is an attractive 7.52 percent. There is future rent growth within the existing leases which will increase the return over time.

FOR SALE DETAILS

PRICE

$1,899,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

7.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sablechase Plaza

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

None

APN/PARCEL ID

1155660010019

ASK ABOUT THIS PROPERTY

Gus LagosMarcus & MillichapMore Info
713-459-1333

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Gus LagosMarcus & MillichapMore Info
713-459-1333

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