6880 Telephone Rd - Retail FOR SALE


Houston, TX 77061- Greater Hobby Area
$1,900,000 USD
713-489-9819
6880 Telephone Rd, Houston, TX for Sale
$1,900,000 USD
Retail - FOR SALE
1/5
null | 7.2% Cap Rate

6880 Telephone Rd
Houston, TX 77061
Greater Hobby Area


HIGHLIGHTS

  • Investment Type: Value Add with opportunity to increase NNN based on current lease agreements
  • Occupancy: 100% Leased
  • Location: 1 mile from Hobby Airport
  • Traffic Counts: Telephone Road frontage with over 34,000 VPD
  • Size: 16,000 SF building on 0.84 acres
  • Tenant Mix: Providers of everyday needs like salons, markets, and restaurants

OVERVIEW

f you're seeking immediate income alongside continuous traffic, Tamar Plaza fulfills all your requirements. This approximately 16,000 square foot neighborhood strip center, situated on about 0.84 acres, is located in the Hobby Airport corridor, directly facing 34,000+ vehicles daily on Telephone Road. Fully leased to a variety of essential service tenants catering to locals, airport staff, and travelers, it offers a cash-flowing retail investment for just $1,900,000.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tamar Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

CROSS STREETS

Evans Ave

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

None

APN/PARCEL ID

0600170280001

ASK ABOUT THIS PROPERTY

Melanne CarpenterKW Commercial TexasMore Info
713-489-9819

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Melanne CarpenterKW Commercial TexasMore Info
713-489-9819

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