8102 Antoine DrHouston, TX 77088

For Sale
$6,500,000

High-Yield Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
94
Antoine Plaza, a 31,995 square foot shopping center in Houston, TX, presents a compelling investment opportunity. This stabilized property boasts 100% occupancy with sixteen tenants, generating a strong net operating income (NOI) of $406,850 and a 6.26% cap rate. The asking price is $6,500,000, translating to $203.16 per square foot. Originally built in 1981, the property underwent significant renovations in 2015 and 2022, ensuring modern appeal for both tenants and customers. Its prime location at the highly visible, signalized intersection of Antoine Road and Bridge Forest Drive sees over 22,000 vehicles daily. The surrounding area features a diverse demographic with strong income levels (over $60,000 household income) and a substantial population of 330,000, promising continued growth and future value appreciation. The property's tenant mix is diverse, catering to the needs of the local community. This single-story building offers a rare opportunity to acquire a well-maintained, high-performing retail asset in a thriving Houston market. The property's strong performance and favorable location make it an ideal addition to any investment portfolio.

Highlights

  • 100% occupied, stabilized retail property with a diverse tenant mix.
  • Built in 1981, remodeled in 2015 and 2022.
  • High visibility location at a signalized intersection of Antoine Road and Bridge Forest Drive, experiencing over 22,000 vehicles per day.
  • Strong demographics: 330,000+ population, diverse community, nearby schools, and average household income exceeding $60,000, with projected growth.

Property Details for 8102 Antoine Dr

Property type
Lifestyle centers, Power centers
Square Feet
31,995 SF
Year Built/Renovated
1981/2015
Buildings
1
Stories
1

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.8861258
Longitude
-95.4738363
8102 Antoine Dr, Houston, Texas

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8102 Antoine Dr
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