8707 Martin Luther King Blvd - Storefront FOR SALE


Houston, TX 77033- South Park
$1,827,000 USD
713-459-1333
8707 Martin Luther King Blvd, Houston, TX for Sale
$1,827,000 USD
Storefront - FOR SALE
1/5
null | 7.89% Cap Rate

8707 Martin Luther King Blvd
Houston, TX 77033
South Park


HIGHLIGHTS

  • Frontage Location With Multiple Access Points
  • Straight In-Line Retail Center
  • 100 Percent Occupied
  • NNN Tenants: 100 Percent Reimbursable Expenses
  • 7.89 Percent Day One Cap Rate
  • Dense Residential Area

OVERVIEW

Marcus & Millichap is pleased to exclusively list for sale 8707 MLK Shopping Center located at 8707 Martin Luther King, Jr. Boulevard in Houston, Texas. This 9,500-square-foot retail center is located on approximately 0.92 acres fronting Martin Luther King, Jr. Boulevard. The subject property is 100 percent occupied, accommodating six tenants. All tenant leases are triple-net, protecting an investor from possible increases in future expenses. Additionally, tenants are signed to long-term leases. 8707 MLK Shopping Center is offered at a price of $1,827,000, which represents a 7.89 percent cap rate. • Frontage Location With Multiple Access Points • Straight In-Line Retail Center • 100 Percent Occupied • NNN Tenants: 100 Percent Reimbursable Expenses • 7.89 Percent Day One Cap Rate • Dense Residential Area

FOR SALE DETAILS

PRICE

$1,827,000 USD

PRICE/SF

$182 USD /SF

CAP RATE

7.89%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8707 MLK

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

-

APN/PARCEL ID

0470560000010

ASK ABOUT THIS PROPERTY

Gus LagosMarcus & MillichapMore Info
713-459-1333

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

Gus LagosMarcus & MillichapMore Info
713-459-1333

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