14501 Memorial Dr Houston, TX 77079

Property Details for 14501 Memorial Dr

Year built

1965

Construction

BRICK

Lot size

0.68 lot acres

Property size

2,940 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

402240000058

APU

402240000058

Description

This exceptional investment opportunity presents a 10,572 square foot, multi-tenant retail shopping center located at 14501-14509 Memorial Drive in Houston, Texas, 77079. Built in 2022, this property sits on a 29,403 square foot lot and boasts 100% occupancy with eight tenants, including Baskin Robbins and Kumon, all under NNN leases with personal guarantees, generating a strong NOI of $305,171. The center underwent significant renovations in 2022, resulting in a modern and attractive space. Its prime location in a high-income demographic area, with excellent visibility and accessibility due to proximity to major highways, ensures consistent traffic. The property features two buildings, including a pad site, offering flexibility for various businesses. The design promotes walkability and convenience for residents, while prominent signage ensures excellent branding opportunities. This well-established center is a cornerstone of the community, offering a stable and predictable income stream for investors. The property's strategic location, strong tenant mix, and recent renovations make it an attractive investment opportunity in a highly desirable Houston market. The property's layout effectively accommodates a variety of retail and service-oriented businesses, catering to diverse customer needs.

Location Insight

City

Houston

County

Harris

State

Texas

Longitude

-95.603

Latitude

29.7697

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments