Cap Rate
6.85%
$ per SF
$345
Tot. SF
22,747
5104 Harrisburg Blvd, Houston, TX, 77011
Harrisburg Plaza
$7,844,000
Key Information
Lot Size
1.9 Acres
Units
5
Year Built
2006 (R)
Type
Shopping Centers
Occupancy
100%
NOI
$537,291
Highlights
Property Highlights
• Assumable, non-recourse $3.41M loan at 6.07%, interest-only through maturity in August 2032
• 100% occupied with a 6.7-year WALT and contractual rent increases in every lease
• NNN leases across 93.4% of GLA and 90.7% of base rent, with reimbursable admin and management fees
• Four national tenants (74.1% of GLA) and one regional tenant (25.9% of GLA)
• Large 1.9 AC lot with 126 parking spaces — 5.54 per 1,000 SF, rare for an infill East End location
• Large pylon sign on Harrisburg Blvd and 21,860 VPD on Harrisburg Blvd & Adams St.
• Harrisburg Plaza won a Good Brick Award from the Greater Houston Preservation Alliance, now Preservation Houston
• Less than 10-minutes / 2.5-miles from the heart of downtown Houston
• Direct proximity to the METRORail Green line, a 3.3-mile light rail line connecting the historic East End to downtown Houston
• Over 418,000 people within a 5-mile radius of the property and 161,000 people within 3-mile radius of the property
Tenant Highlights
• AutoZone (NYSE: AZO) carries an investment grade credit rating of “BBB” from Standard & Poor’s, with over 7,850 locations and annual sales of $18.9 Billion. In occupancy since 2006 with two 5-year options at 10% increases
• The Texas Laundry has operated at the property since 2016 and signed a 20-year lease through 2043 with 2% annual increases. The Coin Laundry Association estimates the industry generates $5 Billion in gross revenue annually
• Metro by T-Mobile store guaranteed by Nextar Telecom Group Inc. (280 Locations). T-Mobile reported over $71 billion in service revenue in 2025 and remains one of the three largest cell phone carriers in the United States
• Watermill Express is the largest drive-up pure drinking water and ice company in the nation, with nearly 1,300 locations across eight states
• CenterWell Senior Primary Care is owned by Humana, Inc. (NYSE: HUM), which carries an investment grade credit rating of “BBB” from Standard & Poor’s. CenterWell is the nation’s largest senior-focused primary care provider, with more than ±350 centers across 15 states. This location offers on-site X-rays, lab work, EKG, ultrasounds, echocardiograms, and bone density scans
Photos
Location
Agents
J
Joe NelsonLicense # 02012421 (CA)
Broker of Record
Patrick Graham
License # 528005, 9005919 (TX)Matthews Real Estate Investment Services, Inc2699 Howell St., Suite 400, Dallas, TX 75204