For Sale
Property summary
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
VerifiedCap rate & NOI
Current use
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Insurance Agency
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Hotel & Motel Resort
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(Bike/Boat/Book/etc) Store
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Restaurant
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Bakery Discount Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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