2310 Highway 6 S - Retail FOR SALE


Houston, TX 77077- Briar Village
$3,740,000 USD
281-970-8886
2310 Highway 6 S, Houston, TX for Sale
$3,740,000 USD
Retail - FOR SALE
1/8
null | 7.5% Cap Rate

2310 Highway 6 S
Houston, TX 77077
Briar Village


HIGHLIGHTS

  • Long Term NNN Tenants with Expirations in 2036 and 2039 with Annual Rental Increases on Established Tenants since 2019
  • Shadow Anchored by 260,000 Neighborhood Power Center at the Intersection of Westheimer and Highway 6
  • $104,915 Average Household Income within One (1) Mile Radius
  • Shadow-Anchored by Academy, Best Buy, Ross, Seismeque Entertainment, Bank of America and Wells Fargo
  • Excellent Street Frontage with over 100,000+ VPD and minutes away from Interstate 10, Katy Cinco Ranch, Westpark Tollway, and Energy Corridor

OVERVIEW

LE Capital Partners is pleased to present the exclusive sale of a retail center building strategically located on State Highway 6 and Westheimer Road that boast over 100,000 vehicles per day. The property consists of 8,691 square feet of building space and is situated on 1.607 acres of land. This irreplaceable asset is being offered at a 7.50% CAP rate featuring with two strong restaurants operators with over ten year leases remaining that has occupied the center for over six years. The Subject Property is a prime retail pad site to The Village at West Oaks, a 264,301 square foot shopping center that serves all of Southwest Houston. The shopping center contains major retailers such as Best Buy, Academy Sports & Outdoors, Ross Dress for Less that contribute towards the high daytime activity. The property has approximately 117,528 people residing within a three-mile radius and 332,088 people within a five-mile radius.

FOR SALE DETAILS

PRICE

$3,740,000 USD

PRICE/SF

$430 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

125

LAND DETAILS

LAND ACRES

1.61 AC

LAND SF

70,132 SF

ZONING

C

APN/PARCEL ID

1186900010002

ASK ABOUT THIS PROPERTY

Francois LeLE Capital PartnersMore Info
281-970-8886

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Francois LeLE Capital PartnersMore Info
281-970-8886

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