6031 Highway 6Houston, TX 77084

For Sale
$6,350,000

Houston Shopping Center - 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 17,550 square foot shopping center presents a compelling investment opportunity. Located at 6031 Hwy 6 N in Houston, Texas, this single-story, 100% occupied property boasts eight tenants on long-term NNN leases, featuring annual rent increases every five years. The center is anchored by UPS and includes a La Carniceria, a national meat market chain. Situated on a 1.891-acre lot, the property benefits from high visibility on Highway 6, experiencing over 46,000 vehicles daily, and enjoys convenient access to I-10. Built in 2007, the center offers a strong net operating income (NOI) of $357,524, resulting in a 5.63% cap rate and a price per square foot of $361.82. The asking price is $6,350,000. The property's prime location within the Energy Corridor, a thriving business hub in West Houston, is further enhanced by a dense population within a five-mile radius, boasting an average annual household income exceeding $121,064. This presents a rare opportunity to acquire a stable, high-performing retail asset in a desirable market. The property's strong tenant mix, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio. All financial information is based on current data.

Highlights

  • 100% occupancy with national/regional tenants on long-term, NNN leases featuring rent increases every five years.
  • UPS-anchored strip center including La Carniceria, a national meat market chain with 20 locations.
  • 17,550-square-foot building on a 1.891-acre lot, prominently positioned on Highway 6 with over 46,000 vehicles per day.
  • Excellent access to I-10.
  • Strong demographics: over 304,000 residents within a 5-mile radius, boasting an average annual household income exceeding $121,064.
  • Located in the Energy Corridor, a major West Houston business hub.

Property Details for 6031 Highway 6

Property type
Lifestyle centers, Power centers
Square Feet
17,550 SF
Year Built
2007
Stories
1
Lot Size (sq. ft)
82,372 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.863316359753
Longitude
-95.645730524025
6031 Highway 6, Houston, Texas

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6031 Highway 6
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