5710 FM 1960 W, Houston, TX 77069
IHOP-anchored shopping center with substantial FM 1960 frontage and strong vehicle traffic exposure.
- Added:
- Jun 28, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 1 at 3:36 am
Property Features for 5710 FM 1960 W
General Information
- Standard status
- Active
- Size
- 29,470 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1991
Listing office Houston Office (713) 452-4257
Listing date Jun 28, 2026
Source Marcusmillichap
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 Houston Office
HighLights
- IHOP‑anchored retail shopping center at 5710 FM 1960 Road West, Houston, TX
- 29,470 SF of leasable area; built in 1991
- Over 700 ft of frontage on FM 1960 Road West (Cypress Creek Parkway) with approx. 50,000 vehicles per day traffic counts
- Priced at $7,350,000 ($250/SF) with a stated 7.40% day‑one cap rate
- Rent roll shows a broad range of rents, with many leases below market in the $15/SF base rent range
- Average rents reported at $16.65/SF gross (38% below market); pro forma cap rate greater than 9% noted with rent increases
Overview
The property is located at 5710 FM 1960 Road West in Houston, Texas, in the Champions submarket of North Houston. The center is positioned near the intersection of FM 1960 Road West and Champion Forest Drive. The materials cite approximately 50,000 vehicles per day on FM 1960 Road West. Nearby tenancy referenced includes Wells Fargo, CVS, Starbucks, Lowes, Randalls, Barnes & Noble, and J. Crew.
For retailers, this configuration can support businesses that benefit from high-frequency drive-by exposure and an established anchored environment. For investors and buyers, the stated rent profile provides a basis for underwriting targeted to bring in-place rents closer to market levels, with the offering estimating a pro forma cap rate above 9% if rents are increased.
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 | $604.7k | $20.52 |
| − Vacancy | −$33.9k | −$1.15 |
| EGI | $570.9k | $19.37 |
| − OpEx | −$171.3k | −$5.81 |
| NOI | $399.6k | $13.56 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.512319
- Latitude
- 29.980247
