Horizon Plaza Retail Investment Opportunity

12320 BEECHNUT ST, Houston, TX

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For Sale

Contact for pricing

90% leased strip center in Houston's Alief district.

Type:RETAIL

Property size:

16,217 SF

Lot size:

1.74 Acres

Price / SF:

$154/SF

HighLights

Strategically located in the heart of Alief and International District area of Houston, Texas.
90% mix‑tenant leased building providing immediate income.
Anchored by long‑term church and daycare tenants, ensuring stable rental income.
Additional income streams from food truck and fresh water stand.
Located within a dense population base of nearly 180,000 homes within 5 miles.
Aggressively priced investment opportunity.

We can help!

Listing Contact

Luke Thao Dinh

For Sale

Contact for pricing

90% leased strip center in Houston's Alief district.

Type:RETAIL

Property size:

16,217 SF

Lot size:

1.74 Acres

Price / SF:

$154/SF

Added:: Mar 1, 2023
Days on Market:: 1195
Last Refresh:: May 20 at 8:09 pm

Property Features for 12320 BEECHNUT ST

General Information

Standard status: Active
Size: 16,217 SF
Lot size: 1.74 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Luke Thao Dinh

Listing agent Luke Thao Dinh

Listing office World Wide Realty

Listing date Mar 1, 2023

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of World Wide Realty

HighLights

Strategically located in the heart of Alief and International District area of Houston, Texas.
90% mix‑tenant leased building providing immediate income.
Anchored by long‑term church and daycare tenants, ensuring stable rental income.
Additional income streams from food truck and fresh water stand.
Located within a dense population base of nearly 180,000 homes within 5 miles.
Aggressively priced investment opportunity.

Overview

Horizon Plaza is a strategically located strip building near the corner of Beechnut Street and Cook Road, situated in the Alief and International District area of Houston, Texas. Constructed in 2007, the property features a 15,000 square foot leasable strip building on a 1.74-acre lot with 67 parking spaces. The property is currently 90% occupied with a mix of short-term and long-term tenants. Additional income is generated from a food truck and fresh water stand located in the parking lot. Anchored by a long-term church and daycare service, the property benefits from a dense population base of nearly 180,000 homes within a 5-mile radius and is located within an established housing market. The property size is 16,217 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$332.8k	$20.52
− Vacancy	−$18.6k	−$1.15
EGI	$314.1k	$19.37
− OpEx	−$94.2k	−$5.81
NOI	$219.9k	$13.56

16,217 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%

Alternative Uses

Best Use

Retail

$3.14M

$2.75M – $3.66M (±1% cap)

NOI $219,896 @ 7.0% cap · market cap 8.80%

Second Best

—

no second resolved use

Theoretical Best

Office A

$4.17M

$3.65M – $4.87M (±1% cap)

NOI $291,906 @ 7.0% cap · market cap 11.68%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

The Goathouse Restaurant Restaurant BOHEMIA BARBER BEAUTY ... Barber Shop THE FAMILY PAINT SUPPLY Department Store Delicias Centroamericas (Food ... Restaurant Twinkle Wonderland Childcare ... Daycare Center

Suggested Use

Location Insight

Map
Local Demand

City: Houston
County: Fort Bend
State: Texas
Longitude: -95.5974
Latitude: 29.6896

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For sale
Strip malls
TX
Houston
12320 BEECHNUT ST

What type of property is this?

Strip mall - 90% leased strip center in Houston's Alief district.

Where is this strip mall located?

The property is located at 12320 BEECHNUT ST Houston, TX.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: Strategically located in the heart of Alief and International District area of Houston, Texas.; 90% mix‑tenant leased building providing immediate income.; Anchored by long‑term church and daycare tenants, ensuring stable rental income.