Highway 6 Plaza is a 52,721 SF multi-tenant retail center on 3.57 acres at 5920 Highway 6 N in west Houston (ZIP 77084), offered at $6,375,000 ($120.92/SF).
The center is 88.4% leased to 11 tenants, and 100% including Suite 1010, where the seller will guarantee rent (6,138 SF) at $8,300 per month for 12 months after closing. Owner-adjusted trailing-12 NOI is $503,113 (7.89% cap rate); including the guarantee, NOI is $602,713 (9.45% cap rate).
Investment Highlights:
- 12-month seller rent guarantee on Suite 1010, a finished second-generation space with a full bar
- Scheduled rent and CAM up 12.5% year over year, driven by new leases and scheduled increases
- 2025 uncollectable rent about 0.3% of income
- Below-market rents on the two largest spaces, renewing in 2029
- Three new leases since February 2025, two running through January 2031
- Highway 6 N frontage and pylon signage
- Dense trade area: ZIP 77084 has about 110,000 residents and an $80,575 median household income (ACS 2024 5-year)
- $85,950 in security deposits transfer to the buyer
Offering Memorandum with rent roll, operating statements and guarantee terms available with a signed confidentiality agreement. Please do not contact tenants or visit the property without an appointment.