3-Unit Retail Center with NNN
1575 Little York Rd Houston, TX 77093
For Sale
$2,135,000
Three-unit retail center offered on an NNN-style basis with expense pass-throughs to tenants.
Property Size7,500 SF
Price / SF$284.67
Days on Market155
Property Features for 1575 Little York Rd
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- Strip Center
Building Details
- Year Built
- 1968
Listing Agency:
Trinity Real Estate Investment Services
(817) 768-6364
Listed By:
Brad Motley · License #586199
(817) 768-6364
Source:
Thebrokerlist
Added: Feb 18
Changed: Jul 23
Last Checked: Jul 23 at 2:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trinity Real Estate Investment Services
Investment Insights
Based on property information with market context.
This 3-unit retail center totals 7,500 SF and is offered for sale as an NNN-style asset with all expenses passed through to tenants, supporting a more passive landlord profile.
The property is positioned near a signalized intersection of Hardy Toll Rd and Little York Rd, with combined traffic counts of 70,000+ vehicles passing daily. It also serves as an outparcel to Little York Shopping Mall, which is reported as 95%+ occupied and includes a diverse mix of retailers.
Tenant history includes Agua Pura, with over 23 years at the location, along with Metro PCS. Aaron’s is newly merged with Katapult ($KPLT), associated with a $4B corporate platform as of December 2025.
The property is positioned near a signalized intersection of Hardy Toll Rd and Little York Rd, with combined traffic counts of 70,000+ vehicles passing daily. It also serves as an outparcel to Little York Shopping Mall, which is reported as 95%+ occupied and includes a diverse mix of retailers.
Tenant history includes Agua Pura, with over 23 years at the location, along with Metro PCS. Aaron’s is newly merged with Katapult ($KPLT), associated with a $4B corporate platform as of December 2025.
Key Highlights
- 3‑unit retail center built in 1968 with 7,500 SF of space
- NNN‑style lease structure with all expenses passed through to tenants
- Tenants have recently extended, including Agua Pura with 23+ years at the location
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.9k | $20.52 |
| − Vacancy | −$8.6k | −$1.15 |
| EGI | $145.3k | $19.37 |
| − OpEx | −$43.6k | −$5.81 |
| NOI | $101.7k | $13.56 |
7,500 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.45M
$1.27M – $1.69M
NOI $101,697 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,000 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Aaron's Rent To Own
Electronics & Wireless Store
FAQs
What type of property is this?
Strip mall - Three-unit retail center offered on an NNN-style basis with expense pass-throughs to tenants.
Where is this strip mall located?
The property is located at 1575 Little York Rd Houston, TX.
What is the asking price?
The asking price for this property is $2,135,000.
What are key features of this property?
This property features: 3‑unit retail center built in 1968 with 7,500 SF of space; NNN‑style lease structure with all expenses passed through to tenants; Tenants have recently extended, including Agua Pura with 23+ years at the location
