14501 Memorial DrHouston, TX 77079

For Sale
Call for price

Houston Shopping Center - 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 10,572 square foot, multi-tenant retail shopping center located at 14501-14509 Memorial Drive in Houston, Texas, 77079. Built in 2022, this property sits on a 29,403 square foot lot and boasts 100% occupancy with eight tenants, including Baskin Robbins and Kumon, all under NNN leases with personal guarantees, generating a strong NOI of $305,171. The center underwent significant renovations in 2022, resulting in a modern and attractive space. Its prime location in a high-income demographic area, with excellent visibility and accessibility due to proximity to major highways, ensures consistent traffic. The property features two buildings, including a pad site, offering flexibility for various businesses. The design promotes walkability and convenience for residents, while prominent signage ensures excellent branding opportunities. This well-established center is a cornerstone of the community, offering a stable and predictable income stream for investors. The property's strategic location, strong tenant mix, and recent renovations make it an attractive investment opportunity in a highly desirable Houston market. The property's layout effectively accommodates a variety of retail and service-oriented businesses, catering to diverse customer needs.

Highlights

  • Prime location in high-income Houston neighborhood with excellent visibility and highway access.
  • Eight tenants, including Baskin Robbins, under NNN leases with personal guarantees, ensuring stable income.
  • 2022 renovations create a modern, attractive retail center.
  • Walkable design convenient for residents and visitors.
  • Two prominent signage locations for optimal branding.
  • Two-building layout, including a pad site, offers flexibility for diverse tenants.

Property Details for 14501 Memorial Dr

Property type
Lifestyle centers, Power centers
Square Feet
10,572 SF
Year Built
2022

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.77006806
Longitude
-95.60311003
14501 Memorial Dr, Houston, Texas

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14501 Memorial Dr
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