SHOPPING CENTER

321 W 19th St, Houston, TX 77008
$5,100,000

Cap Rate
6%
Price Per SF
$502
Year Built
1993R
Occupancy
100%
Leasable Area
10,159 SF
Term Remaining
±5 YRS
NOI
$306,072
Property Type
Shopping Centers

INVESTMENT HIGHLIGHTS

  • Trophy Real Estate – This property is located on W 19th street in Houston Heights which is one of the highest barrier to entry markets in the city.
  • Strong Demographics – With over 511,000 people in a 5-Mile radius and growing this property is located in an extremely dense market.
  • High Income Area – Average household income in a mile radius is $141,000 which is way above the national average.
  • Walkers Paradise – Boasting a 94 Walk Score this property benefits from very high foot traffic.
  • Time Tested Tenant – Manready Mercantile has been at this location since 2014 proving its loyalty to this center. They also just renewed their lease, starts at the beginning of this month for another five-year term.
  • High Consumer Spending – With consumer spending over $2 Trillion Dollars in a mile radius there is a desirability for businesses to gravitate toward this area to run a brick and mortar shop.
  • New Office/Medical Development Nearby – New ±100,000 SF 4 Story Medical/Office Development coming 2025 down the street.

Broker of Record

  • Kyle Matthews
  • License No. 9005919 (TX)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 8300 Douglas Ave.,
    Ste. 750, Dallas, TX 75225