4038 Braeswood BlvdHouston, TX 77025

For Sale
$3,000,000

6-Tenant Retail Center, 6% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Houston investment opportunity presents a fully leased, 6,112 square foot shopping center on a 0.67-acre lot at 4038 & 4040 S. Braeswood Blvd, in Harris County, zip code 77025. The property boasts six tenants under NNN leases, generating a strong net operating income (NOI) of $174,000 and a 6.00% capitalization rate. Built in 1971 and extensively renovated in 2008, the single-story complex features a diverse tenant mix including a pharmacy, coffee shop, hair studio, professional offices, and a cell tower installation, minimizing investment risk. The 100% occupancy ensures a reliable income stream. The property benefits from ample parking (over 19 spaces) and prominent monument signage. Located near the Texas Medical Center, this prime location enjoys high traffic volume and a strong demographic profile, with average household incomes exceeding $120,000 within a one-mile radius. The upcoming Stella & Braes development, projected for completion in late 2026, promises further property value appreciation. This investment offers a compelling combination of stable income and significant growth potential. The asking price is $3,000,000.

Highlights

  • Fully leased 6,112 SF shopping center on a 0.67-acre lot in Houston, TX.
  • Six tenants under NNN leases, generating $174,000 NOI and a 6.00% cap rate.
  • 100% occupancy with diverse tenant mix including pharmacy, coffee shop, and professional offices.
  • Prime location near Texas Medical Center with high traffic and strong demographics ($120,000+ avg. household income within 1 mile).
  • Asking price: $3,000,000.

Property Details for 4038 Braeswood Blvd

Property type
Lifestyle centers, Power centers
Year Built/Renovated
1971/2008
Stories
1
Lot Size (sq. ft)
29,185 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.689775207924
Longitude
-95.442582116796
4038 Braeswood Blvd, Houston, Texas

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4038 Braeswood Blvd
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