18620 Bellfort St - Storefront FOR SALE


Richmond, TX 77407
$4,150,000 USD
619-818-5852
18620 Bellfort St, Richmond, TX for Sale
$4,150,000 USD
Storefront - FOR SALE
1/7
null | 6.51% Cap Rate

18620 Bellfort St
Richmond, TX 77407


HIGHLIGHTS

  • Brand New Three-Tenant Strip | 100% Occupied | NNN Leases | Fee Simple Ownership | Growing Houston Texas Submarket
  • Inflation Protection | NNN Leases | Diversified Tenant Mix | Flexible Space
  • Adjacent to New Master-Planned Community Aliana | Across from Aliana Shopping Center | New Amazon Fulfillment Center / William B. Travis High School
  • Strong Trade Area Demographics | Six-Figure Incomes
  • Located 25 Miles West of Downtown Houston

OVERVIEW

• Opportunity to acquire Aliana Retail Center, a brand new three-tenant strip in Richmond, TX • The 100% occupied building features tenants operating under NNN leases, limiting expense obligations for a future investor • Below market rent at just $30/ft • Two out of the three tenants have 3% annual increases • Ease of management well suited for an out of town/state Investor • Wide range of retail and service based tenants with high level of internet resistance • The 3 suites range in size from 1,500 - 4,750 SF - highly adaptable to a variety of tenants and uses • The asset is adjacent to one of the largest and fastest growing master-planned communities in Fort Bend County named Aliana, a ~2,000 acre community comprised of 13 neighborhoods with approximately 4,200 homes • Ideally located across the street from Aliana Shopping Center and The Grand at Aliana, 2 regional power centers along one of the fastest-growing retail corridors in Texas, anchored by Costco, Target, HEB, PetSmart, Hobby Lobby and others • In November 2021, a 3.7 million square foot Amazon fulfillment center opened just north of the site, spanning 5 ½ floors and employing ~3,000 people • ½ mile northeast of William B. Travis High School with ~3,200 students • More than 262,000 residents and 130,000 employees support the 5-mile trade area • $146,373 average household income within a 1-mile radius • Richmond is a submarket of Houston, the 4th most populous city in the US, with a population exceeding 2.3 million • Fort Bend County ranks 3rd for purchasing power in Texas, and 2nd on “Texas counties where wealthy people are moving” list

FOR SALE DETAILS

PRICE

$4,150,000 USD

PRICE/SF

$461 USD /SF

CAP RATE

6.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aliana Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Day Care Center, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

None

APN/PARCEL ID

0151-00-000-0305-907

ASK ABOUT THIS PROPERTY

Robert DonnellSRS Real Estate PartnersMore Info
619-818-5852

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Robert DonnellSRS Real Estate PartnersMore Info
619-818-5852

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