26440 FM 1093 - Retail FOR SALE


Richmond, TX 77406
$5,705,000 USD
713-577-1640
26440 FM 1093, Richmond, TX for Sale
$5,705,000 USD
Retail - FOR SALE
1/5
null | 7.5% Cap Rate

26440 FM 1093
Richmond, TX 77406


OVERVIEW

22,455 SF Multi-Tenant Retail Center in Richmond, TX (Houston MSA) Value-Add Opportunity - Currently 87.5% Occupied with Below Market Rents Averaging $22.84/SF NNN Significant Built-In Revenue Growth – All Tenants Have Rent Increases in the Primary Term of Their Leases Located in One of the Fastest Growing Submarkets of Houston - Population in a 3-Mile Radius Has Seen 15.8% Population Growth Annual since 2010 Superior Demographics – Average Household Incomes Exceed $178,000 in a 3-Mile Radius Access and Visibility to Over 35,800 Vehicles Per Day on FM 1093 Service-Based, Internet-Resistant Tenant Mix National Retailers in the Immediate Area Include: Walmart Supercenter, Kroger, H-E-B, Lowe’s Home Improvement, Academy Sports + Outdoors, LA Fitness, T.J. Maxx, McDonald’s, Starbucks, & Panda Express Beneficial Reciprocal Easement Agreement - Shoppes at Westpark Tenants Have Access to Parking in Adjacent Center Due to Their Use of Access Road to 1093 Shown in the Image Here

FOR SALE DETAILS

PRICE

$5,705,000 USD

PRICE/SF

$254 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg II

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

87

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,783 SF

ZONING

none

APN/PARCEL ID

0574-00-001-0021-914,0574-00-001-0027-914

ASK ABOUT THIS PROPERTY

Matthew BerryCBRE, Inc.More Info
713-577-1640

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Matthew BerryCBRE, Inc.More Info
713-577-1640

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