CITYWEST SQAURE | 2620 W Sam Houston Pky S
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CITYWEST SQAURE 2620 W Sam Houston Pky S
4,600 SF 100% Leased Retail Building Houston, TX 77042 $3,441,604 ($748/SF) 7.01% Cap Rate
Investment Highlights
- CORE ASSET: Located along Sam Houston Parkway in close proximity to intersection of Westheimer Road which sees traffic counts in total of ±63,000 VPD.
- HEDGE AGAINST INFLATION: Robust leases across all tenants provide a significant hedge against inflation with 2 tenants subject to 3% annual increases
- LOCAL EDUCATION: Walnut Bend Elementary School 0.67 mi – Grace School 0.24 mi – Ascension Episcopal School 0.27 mi
- DUAL CORPORATE GUARANTE: Tenant mix includes two corporate guaranteed operations between Black Rock Coffee Bar a high growth brand with 144+ locations
- LONG-TERM LEASES: Current weighted average lease term across all tenants of 6.80 years with each having two, five-year renewal options.
- DEMOGRAPHICS: Strong population base with current totals within one, two, and three mile radii of 22,676 – 192,197 – 563,346.
Executive Summary
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,600 SF
Building Class
B
Year Built
2019
Price
$3,441,604
Price Per SF
$748
Cap Rate
7.01%
NOI
$241,371
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.46 AC
Zoning
None
Parking
18 Spaces
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1173220010006 | Improvements Assessment | $534,442 |
| Land Assessment | $989,050 | Total Assessment | $1,523,492 |
PROPERTY TAXES
Parcel Number
1173220010006
Land Assessment
$989,050
Improvements Assessment
$534,442
Total Assessment
$1,523,492
Contacts
-
Nathaniel Newhouse -
Andrew Ivankovich -
Corey Russell -
Matthews Real Estate Investment Services
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CITYWEST SQAURE | 2620 W Sam Houston Pky S
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