1307 Wilcrest DrHouston, TX 77042

This exceptional Houston retail center, Eden Pointe, presents a compelling investment opportunity. Located at 1307 Wilcrest Dr, Houston, TX 77042, this property boasts 211,860 square feet across 19 buildings on an 8.96-acre lot. Built in 1972 and extensively renovated in 2003, the center features 197 units with an impressive 85% occupancy rate. The property offers ample parking with 250 spaces, and the two-story buildings provide a versatile layout for a variety of retail tenants. Currently generating a strong Net Operating Income (NOI) of $2,055,987, this asset offers a compelling 5.50% capitalization rate. The asking price is $25,000,000, translating to $118 per square foot and $127,000 per unit. Situated in Harris County, this well-maintained retail center benefits from its established location and strong tenant base, making it an ideal addition to any diversified portfolio. The property's size, high occupancy, and strong financial performance make it a rare find in the Houston market. This is a turnkey investment ready for immediate income generation.