713-852-3535
8201-8235 Broadway St, Houston, TX for Sale
Storefront - FOR SALE
1/6
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8201-8235 Broadway St
Houston, TX 77061
Greater Hobby Area


HIGHLIGHTS

  • 54% of the GLA, expiring without options (32.5% average below market rate)
  • Opportunity to increase NOI 55%+ by Year 10
  • Significantly below replacement cost

OVERVIEW

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to offer the opportunity to acquire Broadway (the “Property”), a 100% leased, 76,413 square foot Blink Fitness-anchored shopping center located in the Southeast Submarket of Houston, Texas. The shopping center is located at the highly trafficked corner of Broadway St and Bellfort Ave, with a fitness anchor ranked in the 84th percentile of fitness centers within 15 miles. With 5.6 years of WALT, and an average mark-to market of +/- 30% on in-place tenants’ rents, Broadway provides investors with the ability to push rents with 10 out of the 14 tenants expiring without fixed-rate options.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Broadway Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

397

LAND DETAILS

LAND ACRES

6.2 AC

LAND SF

270,072 SF

ZONING

None

APN/PARCEL ID

0402390000046,0402390000084

ASK ABOUT THIS PROPERTY

Ryan WestJLLMore Info
713-852-3535

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Ryan WestJLLMore Info
713-852-3535

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