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    OFF-MARKET
    Lifestyle centers

    3320 Texas 6, Houston, TX 77082

    25,415 SF 2.53 ac lot Built 2004
    Property ID
    Property summary
    AI-generated overview

    This exceptional Houston retail investment offers a compelling opportunity. The property comprises three single-story buildings totaling 25,415 square feet on a 2.53-acre lot, situated at 3320, 3402, and 3418 S Texas 6, Houston, TX 77082. Built in 2004, this Class B, multi-tenant retail center boasts 100% occupancy with a diverse tenant mix including Pizza Hut, USPS, Domino's Pizza, UPS, and seven additional tenants. The property features over 500 feet of frontage on Highway 6, benefiting from its location as a shadow center to a high-performing Walmart Supercenter. The current Net Operating Income (NOI) is $656,816, with a projected NOI of $686,000, resulting in a 6.7% cap rate and a pro-forma cap rate of 7.0%. The asking price is $9,800,000, translating to a price per square foot of $385.60. The property is leased under an Absolute NNN lease structure, minimizing management responsibilities. Located in a high-growth area with a population of 143,815 within a three-mile radius and projected submarket growth of 7% over the next three to four years, this investment presents significant long-term potential. The property's Harris County location offers additional tax advantages. This is a stabilized investment with strong cash flow and significant upside potential.

    Property profile
    Verified
    Property type Lifestyle centers
    Year built 2004
    Total area 25,415 SF
    Lot 2.53 ac (110,207 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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