13660 Westheimer RdHouston, TX 77077

For Sale
$3,400,000

15,995 SF Shopping Center, 7.58% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
94
This single-story, 15,995 square foot shopping center in Houston, Texas, presents a compelling investment opportunity. Located at 13660 Westheimer Road in Harris County, zip code 77077, this 100% leased property boasts five tenants under a NNN lease structure. Built in 1980 on a 1.081-acre lot, the center benefits from low in-place rents with significant scheduled rent growth and staggered lease expirations, minimizing risk. The property enjoys a prime location along Westheimer Road, experiencing high traffic volume (27,600 vehicles per day) and serving a substantial population (nearly 350,000 within a 5-mile radius). The asking price is $3,400,000, yielding a 7.58% capitalization rate and a net operating income (NOI) of $257,774. Tenants currently have no credit rating information available. This is a rare chance to acquire a sub-replacement value retail asset in a thriving West Houston market.

Highlights

  • $3,400,000 asking price for a 15,995 SF retail shopping center.
  • 7.58% cap rate with a $257,774 NOI.
  • Located at 13660 Westheimer Rd, Houston, TX 77077, on a 1.081-acre lot.
  • Single-story, 1980-built building with five tenants.
  • NNN lease type with no tenant credit rating.

Property Details for 13660 Westheimer Rd

Property type
Lifestyle centers, Power centers
Square Feet
15,995 SF
Year Built
1980
Buildings
1
Stories
1
Lot Size (sq. ft)
47,088 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.735981827842
Longitude
-95.631767771449
13660 Westheimer Rd, Houston, Texas

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13660 Westheimer Rd
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