102 Heights BlvdHouston, TX 77007

For Sale
$4,600,248.33

Houston Retail Investment - 6% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 5,922 square foot shopping center, located at 102 Heights Blvd in Houston, Texas, presents a compelling investment opportunity. Built in 2018, the property sits on a 0.45-acre lot and boasts a strong 6.00% capitalization rate, generating a net operating income (NOI) of $276,014. The asking price is $4,600,248.33. The center is currently home to three tenants, including Shipleys and Mint Orthodontics, all of which are corporate-based businesses providing stability and predictable income streams. The existing leases offer a significant remaining term of 5-10 years, minimizing vacancy risk and ensuring consistent cash flow for the foreseeable future. This centrally located property benefits from its attractive co-tenants and strong tenant base, making it an ideal addition to any diversified real estate portfolio. The property's location in the vibrant Houston market, within Harris County, zip code 77007, further enhances its investment appeal. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with substantial long-term growth potential. The property's strong financials and stable tenancy make it a low-risk, high-reward investment.

Highlights

  • 5,922 SF shopping center in Houston, TX (77007).
  • Strong tenant base including Shipley's and Mint Orthodontics.
  • 5-10 years remaining lease terms.

Property Details for 102 Heights Blvd

Property type
Lifestyle centers, Power centers
Square Feet
5,922 SF
Year Built
2018
Lot Size (sq. ft)
19,602 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.770698774972
Longitude
-95.397174147108
102 Heights Blvd, Houston, Texas

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102 Heights Blvd
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