IHOP-Anchored Retail Shopping
5710 FM 1960 W Houston, TX 77069
5710 FM 1960 W, Houston, TX, 77069
$7,350,000
For Sale
$7,350,000
IHOP-anchored shopping center with substantial FM 1960 frontage and strong vehicle traffic exposure.
Property Size29,470 SF
Price / SF$249.41
Days on Market20
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 Agency
Houston Office
(713) 452-4257
Listed by
Gus Lagos · License #License(s): TX: 419197
(713) 452-4257
Source
Marcusmillichap
Added: Jun 28 Checked: Jul 17 at 2:17 am
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
Investment Insights
Based on property information with market context.
Champions Shopping Center is an IHOP-anchored retail property offering 29,470 square feet of leasable space. The center’s visibility is supported by more than 700 feet of frontage along FM 1960 Road West (also known as Cypress Creek Parkway), placing it directly on a heavily traveled retail corridor. The offering notes a day-one cap rate of 7.40% and describes a rent roll with a range of rents, including many leases below market.
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.
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.
Key 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
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 |
29,470 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.71M
$5.00M – $6.66M
NOI $399,602 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.58M
$6.63M – $8.84M
NOI $530,460 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - IHOP-anchored shopping center with substantial FM 1960 frontage and strong vehicle traffic exposure.
Where is this strip mall located?
The property is located at 5710 FM 1960 W Houston, TX.
What is the asking price?
The asking price for this property is $7,350,000.
What are key features of this property?
This property features: 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
