Newly Built NNN Retail
4145 Gessner Rd Houston, TX 77043
4145 Gessner Rd, Houston, TX, 77043
$7,997,293
For Sale
$7,997,293
Newly constructed, stabilized retail center with multiple tenants and NNN leases tied to roof and structure.
Property Size18,228 SF
Price / SF$438.74
Days on Market66
Property Features for 4145 Gessner Rd
General Information
- Standard status
- Active
- Size
- 18,228 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 2023
Listing agency
Marcus & Millichap - Los Angeles
(310) 909-2394
Listed by
Jason Fefer · License #License(s): CA: 02100489
(310) 909-2394
Source
Marcusmillichap
Added: May 18 Updated: Jul 21 at 5:57AM Checked: Jul 21 at 5:57AM
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 Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present a newly constructed, stabilized retail center built in 2023. The property totals 18,228 square feet and is situated on 1.67 acres, offering a multi-tenant retail mix that includes The UPS Store, Marco’s Pizza, Mendoza Mexican Grill, Tom n Tom’s Coffee, Logos Dental, and Monarch Behavioral Therapy. The center is described as generating annual net operating income of $531,820 with a weighted average lease term (WALT) of approximately +7 years. Leases are structured as NNN, with landlord responsibilities limited to roof and structure.
Located along Gessner Road in Houston, Texas, the center is positioned for visibility along a high-traffic corridor and is surrounded by dense residential neighborhoods, schools, and major employers, supporting consistent daily exposure.
Located along Gessner Road in Houston, Texas, the center is positioned for visibility along a high-traffic corridor and is surrounded by dense residential neighborhoods, schools, and major employers, supporting consistent daily exposure.
Key Highlights
- Newly built 18,228 SF retail center on 1.67 acres at 4145 Gessner Road, Houston, built in 2023
- Stabilized tenant lineup includes The UPS Store, Marco's Pizza, Mendoza Mexican Grill, Tom n Tom's Coffee, Logos Dental, and Monarch Behavioral Therapy
- Weighted average lease term (WALT) of approximately 7 years
Local 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 | $374.0k | $20.52 |
| − Vacancy | −$20.9k | −$1.15 |
| EGI | $353.1k | $19.37 |
| − OpEx | −$105.9k | −$5.81 |
| NOI | $247.2k | $13.56 |
18,228 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.53M
$3.09M – $4.12M
NOI $247,165 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.69M
$4.10M – $5.47M
NOI $328,104 @ 7.0% cap · market cap 4.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Marco's Pizza
Restaurant
Shops at Pinecrest
Shopping Center & Mall
Shred Nations
Recycling Center
Juarez Mexican Restaurant
Restaurant
KFASLLC: K Factory ...
Industrial Manufacturer
Similar For Sale Nearby
Similar Off Market Nearby
- Shops at Pinecrest — 4145 Gessner Rd, Houston, TX 77043
- Gessner Plaza — Houston, TX 77041
FAQs
What type of property is this?
Shopping center - Newly constructed, stabilized retail center with multiple tenants and NNN leases tied to roof and structure.
Where is this shopping center located?
The property is located at 4145 Gessner Rd Houston, TX.
What is the asking price?
The asking price for this property is $7,997,293.
What are key features of this property?
This property features: Newly built 18,228 SF retail center on 1.67 acres at 4145 Gessner Road, Houston, built in 2023; Stabilized tenant lineup includes The UPS Store, Marco's Pizza, Mendoza Mexican Grill, Tom n Tom's Coffee, Logos Dental, and Monarch Behavioral Therapy; Weighted average lease term (WALT) of approximately 7 years
