15315 Fm 529th Rd Houston, TX 77095-5683

This exceptional 12,679 square foot shopping center, built in 2023, presents a compelling investment opportunity. Located on high-traffic FM 529 in Houston, Harris County, Texas (zip code 77095), this property boasts two buildings on a one-acre lot and offers excellent visibility. Currently 80% occupied, with active lease negotiations underway for the remaining space, the center provides retail services to a thriving neighborhood. The property's strong financial performance is reflected in its 7.68% cap rate and a NOI of $268,468, with pro-forma figures projecting a 7.60% cap rate and $277,438 NOI. The asking price is $3,650,000, translating to $287.88 per square foot. The property benefits from a daily traffic count of 30,582 vehicles on FM 529, ensuring high customer exposure. Furthermore, the average household income within a one-mile radius is a substantial $102,127, indicating a strong consumer base. This single-story, multi-tenant property operates under a NNN lease structure. The property's prime location and strong financial metrics make it an attractive investment for discerning buyers seeking a high-return retail asset in a rapidly growing market.