STNL Investment Opportunity | 7.2% Cap Rate 15301 Gulf Fwy
10,780 SF Retail Building Houston, TX 77034 $5,000,000 ($463.82/SF) 7.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Occupied by one of Houston's premiere wedding and event centers
- Easy accessibility from Friendswood, Pearland, Houston, Pasadena and Clear Lake areas
- Over 124,00 Vehicles Per Day
- Dedicated Pylon Signage
EXECUTIVE SUMMARY
The subject property is leased to D'Gala Event Centers, one of Houston's premier wedding and event venues, with six existing locations and one under construction. The soon to commence triple net lease offers an investor a very solid return with a 7% escalation in Year 4. The building includes a fully fixtured kitchen, upscale interior finishes, access to 135 parking spaces, and pylon signage visible to the more than 124,000 vehicles that travel along the Gulf Freeway each day. Please contact listing brokers for more information.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
10,780 SF
Building Class
C
Year Built/Renovated
1997/2021
Price
$5,000,000
Price Per SF
$463.82
Cap Rate
7.20%
NOI
$360,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.63 AC
Zoning
None - None
Parking
90 Spaces (8.35 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- D'Gala Event Centers
- Arts, Entertainment, and Recreation
- 10,780 SF
- -
- Triple Net
- Dec 2026
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| D'Gala Event Centers | Arts, Entertainment, and Recreation | 10,780 SF | - | Triple Net | Dec 2026 |
PROPERTY TAXES
| Parcel Number | 1189670010001 | Improvements Assessment | $1,089,780 |
| Land Assessment | $568,720 | Total Assessment | $1,658,500 |
