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Property profile & analytics
FOR LEASE
Strip malls

3503 South Sam Houston Pkwy East Houston, TX 77047

29,925 SF 5.16 ac lot Built 2017
Entity Owned Absentee Owner Free & Clear
Property ID
US83-0562345
3503 South Sam Houston Pkwy East, Houston, TX 77047 For Lease
$950,000 2,750 SF available
3503 South Sam Houston Pkwy East, Houston, TX 77047
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Property summary
AI-generated overview

This exceptional 16,017-square-foot retail center in Houston, Texas, presents a compelling investment opportunity. Anchored by a Popeyes restaurant operated by an experienced franchisee managing over 125 units, the property boasts 100% occupancy and a strong net operating income (NOI) of $382,416, yielding a 7.40% cap rate. Built in 2018, the center features 90 parking spaces and sits on a 2.18-acre lot, zoned for commercial use. The property benefits from a prime location along a heavily trafficked arterial thoroughfare (over 27,000 vehicles daily), with convenient access to major highways including the Sam Houston Tollway and State Highway 288. Its strategic placement near a significant Amazon distribution center and other national retailers like Kroger, Bass Pro Shops, Chick-fil-A, and Buc-ee's ensures high visibility and strong consumer traffic. The diverse tenant mix, including restaurant and storefront spaces, creates a stable income stream. The asking price is $5,168,000, translating to $322.66 per square foot. The 5-mile trade area boasts over 207,000 residents and 50,000 daytime employees, with an average household income exceeding $105,000. The property's fee simple ownership (land and building) provides complete control and long-term value appreciation potential. The Popeyes location includes a drive-thru, enhancing convenience and sales potential. All leases are triple-net (NNN), minimizing expenses for the owner. This is a rare opportunity to acquire a high-performing, well-located retail center in a thriving Houston market.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2017
Construction CONCRETE BLOCKS
Total area 29,925 SF
Lot 5.16 ac (224,926 SF)
APN 1380630010002
UPID US83-0562345
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
  • Amco Auto Insurance Insurance Agency
  • Pop Events Hotel & Motel Resort
  • Elevate Smoke, Vape And Tobacco Shop (Bike/Boat/Book/etc) Store
  • Popeyes Louisiana Kitchen Restaurant
  • Fresh Donuts Bakery Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$885k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.01M
Blend (final) Blend
$950k
Owner & transaction history
S W 2000 TRUST & POPEYES · 1 yrs held
S W 2000 TRUST & POPEYES
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.6M +87.3%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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