8529 C E King Pkwy Houston, TX 77044-2066

This exceptional investment opportunity presents a well-maintained, 8,000 square foot multi-tenant strip center in Houston, Texas. Located at 8529 C.E. King Pkwy, this property boasts 100% occupancy across five units, generating a strong net operating income (NOI) of $72,860, representing a 7.59% capitalization rate. The asking price is $960,000. Built in 1984 and renovated in 1995, the property comprises two single-story buildings situated on a 24,971 square foot lot (approximately 0.57 acres) and zoned F1. The property features ample parking with over 25 spaces. Current leases are modified, multi-tenant agreements with a remaining term of two years on a three-year lease. The property's strong performance is further supported by the submarket's robust fundamentals, showing consistent rent growth. This turnkey investment offers a predictable return and minimal management hassle, making it ideal for both experienced and novice investors seeking a stable, high-yield asset in a desirable location. The property's combination of stability and income growth within its price range is unparalleled.