DURHAM SHOPS Retail FOR SALE


Houston, TX - Washington Ave | 
$3,435,000 USD
281-843-4913
, Houston, TX for Sale
$3,435,000 USD
Retail - FOR SALE
1/8
null | 6.5% Cap Rate

DURHAM SHOPS
Houston, TX
Washington Ave


HIGHLIGHTS

  • 100% occupied triple-net retail asset with three tenants and long-term leases.
  • Staggered lease expirations in 2030, 2033, and 2036, reducing rollover concentration.
  • Recent property upgrades, including new exterior paint, signage, and interior buildouts.
  • Located in a thriving infill submarket near Downtown Houston with affluent demographics.
  • Provides dedicated customer parking plus additional overflow space along the property perimeter.
  • Immediate access to Washington Avenue Corridor and I-10, offering strong regional connectivity.

OVERVIEW

Durham Shops presents an attractive investment opportunity located in the heart of Houston's sought-after Heights/Washington Avenue corridor. The property spans 13,345 square feet across three fully leased suites with a 100% occupancy rate, offering a strong and dependable income stream. Anchored by national tenant Sherwin-Williams alongside Hounds Town and Care Veterinary Services, this center benefits from long-term commitments and staggered expirations, reducing rollover risk. The asset operates under a transparent triple-net lease (NNN) structure across all tenants, ensuring a low management burden and consistent cash flow for ownership. Recent renovations include restriped parking, updated exterior finishes, and full interior buildouts for specialty users, positioning the center for long-term durability and appeal. Located on Durham Drive, the property offers excellent visibility and accessibility in a dense urban submarket characterized by strong demographics, growing residential demand, and average household incomes exceeding $150,000 within a three-mile radius. Its immediate proximity to Washington Avenue, Downtown Houston, and major freeways such as I-10 enhances connectivity, making this retail center a secure and stable acquisition for investors seeking durable income with future upside potential.

ASK ABOUT THIS PROPERTY

Max MarionSTRIVEMore Info
281-843-4913

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Max MarionSTRIVEMore Info
281-843-4913

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