Property summary
This 12,124 square foot shopping center in Houston, Texas, presents a compelling investment opportunity. Located at 13734 TX-249, Harris County, 77086, this multi-tenant property boasts six tenants with 79% occupancy. Built in 2007 on a 0.71-acre lot, it offers 36 parking spaces. The property benefits from a prime location on State Highway 249, experiencing an average daily traffic count of approximately 47,553 vehicles. Its strong visibility is enhanced by a large, double-sided pylon sign. The surrounding area demonstrates attractive demographics, with over 335,000 people and 112,984 households within a 5-mile radius, enjoying an average household income of $81,400. Synergistic neighboring businesses include Aldi, Walgreens, Burger King, Jack in the Box, Taco Bell, Bank of America, and six hotels all within a one-mile radius. Priced at $1,695,000 ($140/sq ft), this property offers a value-add opportunity through lease adjustments to market rates and long-term lease agreements. The property's location and strong tenant mix provide a solid foundation for future growth and income generation.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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