3503 South Sam Houston Pkwy East Houston, TX 77032
- Strip malls
- 29,925 SF
- 5.16 lot acres
Current Use by Public Records
- Amco Auto Insurance / Home Insurance Agency / Insurance Broker
- Pop Events / Event Venue
- Elevate Smoke, Vape And Tobacco Shop / Smoke Shop
- Popeyes Louisiana Kitchen / Restaurant / Seafood Restaurant
- Fresh Donuts / Donut Shop
Property Details for 3503 South Sam Houston Pkwy East
- Year built
- 2017
- Construction
- CONCRETE BLOCKS
- Lot size
- 5.16 lot acres
- Property size
- 29,925 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 1380630010002
- APU
- 1380630010002
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $885,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,012,000
Market price range: $549k - $1.13M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $825,000 Current use
- RETAIL STORES
- $1,550,000 Change: +87% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.3661
- Latitude
- 29.599
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
