7960 Long Pt Rd Houston, TX 77055-3502

Property Details for 7960 Long Pt Rd

Year built

2002

Construction

CONCRETE BLOCKS

Lot size

3.92 lot acres

Property size

45,593 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1205270010006

APU

1205270010006

Description

This exceptional investment opportunity presents Long Point Plaza, a 39,910-square-foot shopping center located at 7960 Long Point Rd, Houston, TX 77055. Built in 2002 and renovated in 2015, this single-story building boasts a prime location in the heart of Spring Branch, experiencing high traffic volume with 17,725 cars daily on Long Point Road and 20,635 on Wirt Road. The property is 100% occupied by a strong national tenant mix: Dollar Tree and Goodwill Industries. Both tenants have a significant presence in the Greater Houston area, with Dollar Tree operating over 150 stores and Goodwill over 90, demonstrating market stability and a loyal customer base. The center benefits from excellent demographics, with a population of 142,403 within 3 miles and 394,994 within 5 miles, and average household incomes exceeding $102,927 within 3 miles and $117,965 within 5 miles. The asking price is $8,800,000, representing a 6.58% cap rate. This property offers a compelling investment opportunity in a thriving area experiencing significant residential growth. The lease type is NNN (Net, Net, Net), and the property is offered as a multi-tenant retail investment.

Location Insight

City

Houston

County

Harris

State

Texas

Longitude

-95.4866

Latitude

29.804

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments