4904 Highway 6Houston, TX 77084

For Sale
$4,000,000

High-Yield Retail Center, Addicks Area

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional Houston retail investment opportunity presents a 15,350 square foot shopping center, boasting 100% occupancy and a strong NOI of $241,327. The property, situated on 1.19 acres at 4904 Hwy 6 N, Houston, TX 77084, comprises nine units within a single, one-story building constructed in 1978. Currently operating under a NNN lease structure, this stabilized investment offers a compelling 6.03% cap rate at an asking price of $4,000,000 ($260.59/sq ft). Located in the thriving Addicks area, the property benefits from its proximity to George Bush Park, West Houston Airport, and a variety of dining establishments. The property's prime location and diverse tenant mix ensure consistent income and long-term growth potential. This well-maintained asset is ready for immediate income generation, making it an ideal addition to any investor's portfolio. The property is zoned for commercial use and offers versatile space suitable for a variety of retail endeavors. This is a rare opportunity to acquire a high-performing retail center in a desirable Houston location.

Highlights

  • 15,350 SF retail center with nine units on 1.19 acres in Houston's Addicks area.
  • Built in 1978, offering versatile space for various retail uses.
  • 100% occupancy with a strong tenant mix, generating a $241,327 NOI.
  • NNN lease structure, offering a 6.03% cap rate at a $4,000,000 asking price ($260.59/SF).
  • Well-maintained property ready for immediate income generation, located near George Bush Park and West Houston Airport.

Property Details for 4904 Highway 6

Property type
Lifestyle centers, Power centers
Square Feet
15,350 SF
Year Built
1978
Buildings
1
Stories
1
Lot Size (sq. ft)
51,836 SF
Units
9

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.847373288997
Longitude
-95.645524253472
4904 Highway 6, Houston, Texas

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4904 Highway 6
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