9214 North FwyHouston, TX 77037

For Sale
$2,195,000

High-traffic Houston auto & retail complex

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Houston investment opportunity presents a 5,200 square foot, multi-tenant retail property situated on a 1.1-acre lot at 9214 North Freeway, offering immediate income. The property boasts two buildings, each with its own driveway, and features a car lot/mechanic shop and a novelty store as tenants. The auto dealership lease expires September 30, 2025, with the tenant currently paying $5,000 per month. The novelty store lease runs until December 1, 2026, with a monthly rent of $6,213.34, including annual increases and a five-year renewal option. The property is 100% occupied, generating a 6.00% cap rate, and is priced at $2,195,000 ($422.12/sq ft). Built in 1962, this single-story complex benefits from high visibility and high traffic counts due to its prime location on the North Freeway feeder road between West Mount Houston Road and West Gulf Bank Road in Harris County, Texas, zip code 77037. The property's mixed-use nature, combined with its strong tenant occupancy and favorable lease terms, makes it an attractive investment prospect. The novelty store occupies a 3,200 square foot building. This is a Net Net lease.

Highlights

  • Freestanding building with two tenants.
  • High-traffic, high-visibility location on the North Freeway.
  • 1.1184-acre site with 48,717 square feet available; existing 3,200 square foot building.
  • Mixed-use property including retail, car lot, mechanic shop, auto sales, boutique, and novelty shop.

Property Details for 9214 North Fwy

Property type
Other retail properties, Individual retail properties
Square Feet
5,200 SF
Year Built
1962
Buildings
2
Stories
1
Lot Size (sq. ft)
47,916 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.8948375
Longitude
-95.4113916
9214 North Fwy, Houston, Texas

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9214 North Fwy
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