9535 Westheimer RdHouston, TX 77063

For Sale
$1,493,000

Houston Shopping Center - High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 3,190 square foot shopping center, built in 2004, is situated on a highly visible, signalized corner of Westheimer Rd and Tanglewilde St in Houston, Texas. Boasting a 100% occupancy rate with two tenants enjoying a combined 24 years of operational history, this multi-tenant property offers a compelling investment opportunity. The NNN lease structure ensures minimal landlord responsibilities, with CAM, insurance, and taxes covered by the tenants. Located in a densely populated area with over 567,000 residents within a 5-mile radius, this asset benefits from the high traffic volume of Westheimer Rd (approximately 63,000 vehicles daily). Its strategic location is further enhanced by its proximity to a major 88,000 square foot shopping center anchored by national retailers like Aldi, Party City, and Dollar Tree, as well as other prominent businesses including McDonald's, Walgreens, Target, and more. The asking price is $1,493,000, representing a compelling $468 per square foot and a 6.33% cap rate. This property presents a rare chance to acquire a well-established, high-performing retail asset in a prime Houston location. The zip code is 77063, and the property is located in Harris County.

Highlights

  • Hard corner location at the signalized intersection of Westheimer Rd and Tanglewilde St.
  • High-traffic location on Westheimer Rd, with approximately 63,000 vehicles per day.
  • Situated in Houston, Texas, the fourth largest city in the U.S.
  • Densely populated area with over 567,000 residents within a 5-mile radius.
  • Outparcel to an 88,000 SF shopping center anchored by Aldi, Party City, and Dollar Tree.
  • Excellent retail location near numerous national retailers including McDonald's, Walgreens, and Target.

Property Details for 9535 Westheimer Rd

Property type
Lifestyle centers, Power centers
Square Feet
3,190 SF
Year Built
2004

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.7368264
Longitude
-95.5346206
9535 Westheimer Rd, Houston, Texas

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9535 Westheimer Rd
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