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West Tidwell Plaza 7306 W Tidwell Rd 21,608 sq ft 100% Let Retail Property Houston, TX 77040 £2,915,874 (£134.94/sq ft) 8.18% Net Initial Yield
INVESTMENT HIGHLIGHTS
- GREAT VALUE ADD INVESTMENT OPPORTUNITY!!
- 3 stores vacant, 2 of them are first generation and 1 of them fully built out as medical office.
- Contact the listing agent for rent roll and for a showing appointment.
- Retail building of +/- 22,003 sf with a total of 8 stores including 3 vacancies that counts for a 40% of the space. All leases are gross.
- Land has room to potentially build a drive-thru store.
EXECUTIVE SUMMARY
Great value add investment opportunity. Retail shopping center of +/- 22,033 sf of total retail space with 3 vacancies, 2 of them first generation and one of them fully built out for medical office. Total space vacant is +/- 8,718 sf equal to almost 40% vacant. All leases are gross and can be turned into NNN with the renewal options. Land has room for potentially build a drive-thru store.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Size
21,608 sq ft
Costar Property Class
B
Year Built
2005
Price
£2,915,874
Price per sq ft
£134.94
Yield
8.18%
NOI
£238,653
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.27
Total Plot Size
1.87 ac
Use Class
Commercial
Parking
61 Spaces (4 Spaces per 1,000 sq ft Leased)
Frontage
Walk Score®
Easily Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1076460000008 | Improvements Assessment | £1,622,426 |
| Land Assessment | £1,202,719 | Total Assessment | £2,825,145 |
PROPERTY TAXES
Parcel Number
1076460000008
Land Assessment
£1,202,719
Improvements Assessment
£1,622,426
Total Assessment
£2,825,145
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West Tidwell Plaza | 7306 W Tidwell Rd
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