6031 Hwy 6th N Houston, TX 77084-2584
- Retail space
- 19,170 SF
- 1.89 lot acres
Current Use by Public Records
- Retail space
Property Details for 6031 Hwy 6th N
- Year built
- 2007
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.89 lot acres
- Property size
- 19,170 SF
- Property type
- Retail space
- APN
- 1232910010005
- APU
- 1232910010005
Description
This exceptional 17,550 square foot shopping center presents a compelling investment opportunity. Located at 6031 Hwy 6 N in Houston, Texas, this single-story, 100% occupied property boasts eight tenants on long-term NNN leases, featuring annual rent increases every five years. The center is anchored by UPS and includes a La Carniceria, a national meat market chain. Situated on a 1.891-acre lot, the property benefits from high visibility on Highway 6, experiencing over 46,000 vehicles daily, and enjoys convenient access to I-10. Built in 2007, the center offers a strong net operating income (NOI) of $357,524, resulting in a 5.63% cap rate and a price per square foot of $361.82. The asking price is $6,350,000. The property's prime location within the Energy Corridor, a thriving business hub in West Houston, is further enhanced by a dense population within a five-mile radius, boasting an average annual household income exceeding $121,064. This presents a rare opportunity to acquire a stable, high-performing retail asset in a desirable market. The property's strong tenant mix, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio. All financial information is based on current data.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $390,000
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Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.6457
- Latitude
- 29.8632
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
