10704 Gessner RdHouston, TX 77071

This exceptional 33,400 square foot retail center, located at 10704 S Gessner Rd, Houston, TX 77071, presents a compelling investment opportunity. Currently operating at 92% occupancy, the property boasts a Net Operating Income (NOI) of $385,640, yielding a 7.87% cap rate. The center features a diverse tenancy, including Domino's Pizza, and benefits from a corporate guarantee for tenant credit. The property is offered for sale or 1031 exchange, with an asking price of $4,900,000 ($146.71/sq ft). Recent renovations in 2023 included new roofing and HVAC systems across all units. The single-story building sits on an 88,096 square foot lot and includes 102 parking spaces. The property is strategically located in a high-density area, with over 20,000 residents within a one-mile radius, primarily in multi-family dwellings. This location experiences significant traffic growth, exceeding 20% year-over-year, reflecting the area's ongoing gentrification. Major stores, banks, and franchises are located within minutes. The seller offers a unique guarantee: one year of rent per lessee is guaranteed from the closing date for any vacant spaces. This property is ideal for owner-users seeking a strong, stable income stream in a rapidly growing market. The property is a NNN lease type.