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    Property profile & analytics
    FOR LEASE
    Strip malls

    14501 Memorial Dr, Houston, TX 77079

    2,940 SF 0.68 ac lot Built 1965
    Individually Owned 22-yr Hold Free & Clear
    Property ID
    US82-2911546
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1965
    Construction BRICK
    Total area 2,940 SF
    Lot 0.68 ac (29,403 SF)
    APN 402240000058
    UPID US82-2911546
    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
    Current use
    Occupant on record · Public records
    • Katy Watch & Clock Repair (Bike/Boat/Book/etc) Store
    • Infidel Defense Gun Transfers and Ammo (Bike/Boat/Book/etc) Store
    • Watch Repair Near Me (Bike/Boat/Book/etc) Store
    • PASTEL Rug&Co (Bike/Boat/Book/etc) Store Carpet & Flooring Store
    • Baskin-Robbins Grocery & Convenience Store Specialty Food Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Bradley,robert A Tr · 22 yrs held
    Bradley,robert A Tr
    since 2003
    1 recorded transaction
    2003
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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