15315 Fm 529 RdHouston, TX 77095

For Sale
$3,650,000

High-yield retail center in Houston, TX

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 12,679 square foot shopping center, built in 2023, presents a compelling investment opportunity. Located on high-traffic FM 529 in Houston, Harris County, Texas (zip code 77095), this property boasts two buildings on a one-acre lot and offers excellent visibility. Currently 80% occupied, with active lease negotiations underway for the remaining space, the center provides retail services to a thriving neighborhood. The property's strong financial performance is reflected in its 7.68% cap rate and a NOI of $268,468, with pro-forma figures projecting a 7.60% cap rate and $277,438 NOI. The asking price is $3,650,000, translating to $287.88 per square foot. The property benefits from a daily traffic count of 30,582 vehicles on FM 529, ensuring high customer exposure. Furthermore, the average household income within a one-mile radius is a substantial $102,127, indicating a strong consumer base. This single-story, multi-tenant property operates under a NNN lease structure. The property's prime location and strong financial metrics make it an attractive investment for discerning buyers seeking a high-return retail asset in a rapidly growing market.

Highlights

  • 12,679 SF shopping center built in 2023, located on high-traffic FM 529 in Houston, TX (77095).
  • Two buildings on a one-acre lot with excellent visibility; 80% occupied, with lease negotiations in progress.
  • 7.68% cap rate, $268,468 NOI (pro-forma: 7.60% cap rate, $277,438 NOI); Asking price: $3,650,000 ($287.88/SF).
  • 30,582 VPD on FM 529; Average household income within 1-mile radius: $102,127.
  • Single-story, multi-tenant property with NNN leases.

Property Details for 15315 Fm 529 Rd

Property type
Lifestyle centers, Power centers
Square Feet
12,679 SF
Year Built
2023
Buildings
2
Stories
1
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.8791312939
Longitude
-95.638275877774
15315 Fm 529 Rd, Houston, Texas

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15315 Fm 529 Rd
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