10700-10720 Kingspoint RdHouston, TX 77003

For Sale
$3,400,000

High-NOI Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 22,467 square foot retail center in Houston, Texas, presents a compelling investment opportunity. Located at 10700-10720 Kingspoint Rd, 77003, in Harris County, this property boasts a strong NOI of $263,963 and is offered at an asking price of $3,400,000. Built in 1983, the property sits on a sizable 73,616 square foot lot and features a diverse mix of established tenants including a neighborhood grocery store, gas station, Vietnamese market, laundromat, and restaurants. These tenants enjoy a long-standing presence in the market, with current rental rates below market average, presenting significant potential for future rental rate increases. The property benefits from excellent visibility at the corner of Kingspoint Road and Sabo Road, less than two miles south of I-45 South, ensuring high traffic and customer exposure. The move-in-ready spaces are surrounded by a mix of national, regional, and local retailers, further enhancing its desirability. This is a rare opportunity to acquire a stable, high-performing retail center with significant upside potential in a prime Houston location. The property's long-term tenants and successful businesses contribute to its consistent cash flow and attractive investment profile.

Highlights

  • 22,467 SF shopping center with high visibility at Kings Point & Sabo Roads.
  • Anchored by a grocery store, gas station, Vietnamese market, laundromat, and restaurants.
  • Strong tenant history with established businesses.
  • Below-market rents offer immediate value and upside potential.
  • Opportunity for significant rental rate growth.
  • Conveniently located <2 miles south of I-45 South.

Property Details for 10700-10720 Kingspoint Rd

Property type
Other retail properties, Restaurants
Square Feet
22,467 SF
Year Built
1983

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.753611
Longitude
-95.3442408
10700-10720 Kingspoint Rd, Houston, Texas

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10700-10720 Kingspoint Rd
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