5920 Highway 6 N - Retail FOR SALE


Houston, TX 77084
$6,375,000 USD
210-837-8036
5920 Highway 6 N, Houston, TX for Sale
$6,375,000 USD
Retail - FOR SALE
1/6
null | 9.45% Cap Rate

5920 Highway 6 N
Houston, TX 77084


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,375,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

9.45%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Highway 6 Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.57 AC

LAND SF

155,509 SF

ZONING

N/A

APN/PARCEL ID

0431990000270

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