8549/8551 Almeda Rd Retail FOR SALE


Houston, TX - Medical Center South
$2,495,000 USD
713-857-0567
, Houston, TX for Sale
$2,495,000 USD
Retail - FOR SALE
1/7
null | 6.65% Cap Rate

8549/8551 Almeda Rd
Houston, TX
Medical Center South


HIGHLIGHTS

  • Immediate Acces to I-610
  • Centrally located near Downtown, Midtown & Medical Center
  • High Visibility Along Almeda Rd

OVERVIEW

Excellent investment opportunity in a highly visible location near I-610 with direct frontage on Almeda Rd. Property includes a 1,500 SF Subway with a lease in place through January 2031, generating $4,050 per month base rent, along with a vacant ±4,000 SF first-generation retail building delivered in dark shell condition. Based on projected lease-up of the vacant space, the property offers a 6.65% pro forma cap rate, creating a compelling value-add opportunity for investors. Highlights: -Approximately 1,500 SF Subway leased through January 2031 -$4,050/month base rent from existing tenant 185,588 pro forma -±4,000 SF vacant first-generation retail building -Dark shell ready for tenant buildout --25 parking spaces -Two curb cuts for easy ingress/egress -Excellent visibility near I-610 and Almeda Rd -Value-add investment or owner-user opportunity

ASK ABOUT THIS PROPERTY

Joe RothchildRothchild CommercialMore Info
713-857-0567

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Joe RothchildRothchild CommercialMore Info
713-857-0567

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