1530 Kenforest Dr 14,720 SF 81% Leased Retail Building Missouri City, TX 77489 $2,880,000 ($195.65/SF) 6.04% Cap Rate
INVESTMENT HIGHLIGHTS
- Seller Financing at 30% down, low rate
- High occupancy rate, stable, long term tenants
- Close to Sugar Land, Pearland
- High Visibility from Texas Pkwy, Pylon signage available
- Many new constructions around : HCC campus, Discount Tire, residential neighborhoods
EXECUTIVE SUMMARY
DON’T MISS — SELLER-FINANCING AVAILABLE!!!
Premier Strip Center in Missouri City - $2.88M
Unlock a remarkable investment opportunity with this premier strip center, a rare find in the bustling Missouri City area. Priced at $2.88M with attractive seller financing options available, including a low interest rate and 30%+ down payment, this property is positioned for solid returns and growth.
Property Features:
- Generous Space: Spanning 14,720 sq ft, this well-maintained building, constructed in 1980, offers ample room and flexibility for a range of businesses.
- High Occupancy: Featuring 10 units, 90% occupied, this center boasts a stable tenant base, with many long-term tenants who have been established for years.
- Prime Location: Ideally situated with visibility from Texas Pkwy, this strip center benefits from its proximity to new developments, including the HCC campus, Discount Tire, and expanding residential neighborhoods. The location also enjoys strong connections to major industrial warehouses.
- Strategic Accessibility: Located just 15 minutes from both Sugar Land and Pearland, the property is perfectly positioned to serve a wide customer base and capitalize on regional growth.
- Strong Financials: Current NOI $173K, this investment promises robust income potential and a solid return on investment. There is room for increase.
Don’t miss out on this exceptional opportunity to acquire a prime strip center in a thriving area. Please contact trinh@trinhbroker.com or call 832-356-TRIN to schedule a tour and explore how this property can enhance your investment portfolio!
Please note we do ask buyers to fill out NDA before we can share more information.
Copy and paste this link in your browser to sign NDA: https://form.jotform.com/242315489562058
Premier Strip Center in Missouri City - $2.88M
Unlock a remarkable investment opportunity with this premier strip center, a rare find in the bustling Missouri City area. Priced at $2.88M with attractive seller financing options available, including a low interest rate and 30%+ down payment, this property is positioned for solid returns and growth.
Property Features:
- Generous Space: Spanning 14,720 sq ft, this well-maintained building, constructed in 1980, offers ample room and flexibility for a range of businesses.
- High Occupancy: Featuring 10 units, 90% occupied, this center boasts a stable tenant base, with many long-term tenants who have been established for years.
- Prime Location: Ideally situated with visibility from Texas Pkwy, this strip center benefits from its proximity to new developments, including the HCC campus, Discount Tire, and expanding residential neighborhoods. The location also enjoys strong connections to major industrial warehouses.
- Strategic Accessibility: Located just 15 minutes from both Sugar Land and Pearland, the property is perfectly positioned to serve a wide customer base and capitalize on regional growth.
- Strong Financials: Current NOI $173K, this investment promises robust income potential and a solid return on investment. There is room for increase.
Don’t miss out on this exceptional opportunity to acquire a prime strip center in a thriving area. Please contact trinh@trinhbroker.com or call 832-356-TRIN to schedule a tour and explore how this property can enhance your investment portfolio!
Please note we do ask buyers to fill out NDA before we can share more information.
Copy and paste this link in your browser to sign NDA: https://form.jotform.com/242315489562058
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,720 SF
Building Class
C
Year Built
1980
Price
$2,880,000
Price Per SF
$195.65
Cap Rate
6.04%
NOI
$173,808
Percent Leased
81%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
1.07 AC
Zoning
Commercial
Parking
62 Spaces (4.21 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
$1,550/ Month total including water and trash disposal. this well-maintained building, constructed in 1980, offers ample room and flexibility for a range of businesses.
$1,275/mo gross. Landlord can offer some free rent, negotiable. Used to be a hair salon.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,500 SF | Retail | In-Line | Now |
| 1st Floor | 1,350 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 1,500 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size |
| 1,350 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
PROPERTY TAXES
| Parcel Number | 0264-00-000-0116-907 | Improvements Assessment | $1,113,706 |
| Land Assessment | $116,668 | Total Assessment | $1,230,374 |
