Details
Property Type: Retail
Subtype: Day Care/Nursery, Restaurant, Storefront
Investment Type: Value Add
Investment Sub Type: Redevelopment
Class: C
Lease Type: Modified
Tenancy: Multi
Number of Tenants: 7
Lease Term: 1 year
Lease Expiration: 10/31/2024
Remaining Term: 0.3 years
Square Footage: 10,579
Net Rentable (sq ft): 10,579
Price/Sq Ft: $186.69
Cap Rate: 6.84%
Occupancy: 100%
NOI: $135,056
Year Built: 1984
Year Renovated: 2022
Buildings: 1
Stories: 2
Zoning: No Zoning
Lot Size (acres): 0.75
Parking (spaces): 30
Broker Co-Op: Yes
APN: 0393370000080
Lease Options: Month to Month
Ownership: Investment
Description
PRICE REDUCTION LISTED FOR $1,975,000
Presenting a prime commercial opportunity in the thriving city of Houston, Texas, 10266 North Fwy offers an exceptional investment in a high-visibility location with freeway frontage. Situated on a strategically located parcel of land, this property is well-suited for a wide range of commercial uses with outstanding potential for retail use. This property represents a solid investment opportunity with long-term growth and profitability potential on its current built-out structure or a redevelopment project. Currently, 100% leased under yearly and month-to-month leases – yearly leases ending on October-December 2024 – Major tenants are willing to renew.
Highlights
Strategically positioned with direct frontage on North Freeway (I-45)
With high visibility, this property offers prime exposure to thousands of daily commuters
VPD on North Fwy 253,820 and 18,800 on North Fwy Frontage Rd
Great opportunity to bring new tenants and current
tenants to long-term leases.
Redevelopment Opportunity
Month-to-month and short-term leases offer flexibility and attractive investment or end-use opportunities.
Available for Ground Lease
