$2,750,000 USD
909-348-2407
5455 Allendale Rd
Houston, TX 77017
Meadowbrook-Allendale
HIGHLIGHTS
- 100% Occupied | Rents 20–35% Below Market with Near-Term Rollover – Allendale Plaza is fully occupied across seven tenants
- 335,000+ Residents Within 5 Miles | Growing Southeast Houston Trade Area – Situated in the heart of Meadowbrook-Allendale
- 4 Miles from William P. Hobby Airport | Major Southwest Airlines Hub – The center benefits from additional consumer demand generated by airport
- Needs-Based Tenant Mix – Recession and Internet Resistant Seven tenants across medical, food service, wellness, and neighborhood convenience
OVERVIEW
Broker of Record
Patrick Graham
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Rishi Idnani & Connor Olandt (in conjunction with Matthews™, a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)
FOR SALE DETAILS
PRICE
$2,750,000 USD
PRICE/SF
$143 USD /SF
CAP RATE
6.18%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Allendale Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
100
LAND DETAILS
LAND ACRES
1.65 AC
LAND SF
71,996 SF
ZONING
None
APN/PARCEL ID
1228230010001
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909-348-2407
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