13660-13670 Westheimer Rd - Auto Repair FOR SALE


Houston, TX 77077- Briar Village
$3,100,000 USD
713-515-1367
13660-13670 Westheimer Rd, Houston, TX for Sale
$3,100,000 USD
Auto Repair - FOR SALE
1/7
null | 7.41% Cap Rate

13660-13670 Westheimer Rd
Houston, TX 77077
Briar Village


HIGHLIGHTS

  • Prime Location
  • Dense Submarket
  • Stabilized Property
  • Upside Potential
  • Proximity to National Retailers

OVERVIEW

Marcus & Millichap is pleased to exclusively offer for sale Westheimer Shopping Center, a 15,824-square-foot shopping center, situated on 1.08 acres. The property is located at 13660 Westheimer Road in Houston, Texas, seeing traffic counts of over 40,000 vehicles per day. Its location in the West Houston submarket benefits from being surrounded by a population of nearly 350,000 people within a five-mile radius. The subject property boasts 100 percent occupancy at affordable, below-market rents. Westheimer Shopping Center is offered for sale at a price of $3,100,000, at a 7.4 percent day one cap rate. An investor may increase the net operating income and add value to the property by raising below-market rents and reconciling triple-nets, as allowed per the leases. Prime Location: This retail center is positioned along Westheimer Road (40,000+ vehicles per day). Dense Submarket: This area boasts a population of nearly 350,000 residents in a five-mile radius. Stabilized Property: This fully occupied center has a diverse tenant mix, including an auto shop and barber shop. Upside Potential: The property features affordable, below-market rents, allowing for further rent increases during ownership period. Also, an investor may start reconciling triple-nets, as allowed per the leases. Proximity to National Retailers: Located near Target, Chase Bank, Chipotle, AT&T, Burlington, Starbucks, Wendy’s, Michaels, PetSmart, and more, further boosting consumer draw to the area.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$196 USD /SF

CAP RATE

7.41%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westheimer Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

N/Ap Houston

APN/PARCEL ID

1005290000038

ASK ABOUT THIS PROPERTY

Scott JonesMarcus & MillichapMore Info
713-515-1367

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Scott JonesMarcus & MillichapMore Info
713-515-1367

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.