9522 Huffmeister RdHouston, TX 77095

For Sale
$7,457,000

Houston, TX: 12-Tenant Shopping Center

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 19,037 square foot shopping center in Houston, Texas, presents a compelling investment opportunity. Boasting a 100% occupancy rate and a strong NOI of $520,533, this stabilized asset offers a 7.00% cap rate at an asking price of $7,457,000. The property features twelve tenants, including a diverse mix of national and local businesses such as Subway, Hotworx, Jersey Bagels, Mr. Donut, and several others, ensuring a consistent revenue stream. Built in 2010, the two-building, single-story center is situated on a 3.235-acre lot at 9522 Huffmeister Road, Houston, TX 77095, providing ample parking (4 spaces per 1,000 sq ft). The property benefits from a triple-net (NNN) lease structure, with annual rent bumps of $0.50 per square foot. The center's prime location and established tenant base contribute to its strong financial performance and long-term growth potential. The property is zoned N/A. This is a fully leased, multi-tenant retail center offering significant in-place cash flow and an attractive investment opportunity for discerning buyers. The price per square foot is $391.71.

Highlights

  • Mix of national and local tenants, including Subway, Hotworx, and Jersey Bagels.
  • Offered at $7,457,000 with a $520,533 NOI and a 7.00% cap rate.
  • Attractive channel letter signage.
  • Significant in-place cash flow from a 100% occupied, 12-tenant center.
  • Stabilized, diversified tenant mix in a 19,037 SF, two-building retail center.

Property Details for 9522 Huffmeister Rd

Property type
Lifestyle centers, Power centers
Square Feet
19,037 SF
Year Built
2010
Buildings
2
Stories
1
Lot Size (sq. ft)
140,917 SF
Units
12

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.9156834
Longitude
-95.6302287
9522 Huffmeister Rd, Houston, Texas

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9522 Huffmeister Rd
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