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- LoopNet Team
4340 Griggs Rd
Houston, TX 77021
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Value Add Retail
- Southeast Houston Inner Loop Location
- Rent is only $4.70 / Square Feet
- Located Near Numerous Popular Retailers
- Large Land Parcel
- The Roof was Replaced in 2012 and has a 20 Year Warranty Going Through 2032
PROPERTY FACTS
ABOUT 4340 GRIGGS RD , HOUSTON, TX 77021
Marcus and Millichap is pleased to present 4340 Griggs Road for your investment consideration. Located just south of the intersection of Griggs and Old Spanish this property is surrounded by national retailers like O’Reilly Auto Parts, Auto Zone, Walgreens, Whataburger and many more. In addition to these single tenant retailers, the immediate area has recently experienced new development of retail centers, mini storage units and apartment complexes. DAV Thrift Store has occupied this property for over 30 years and recently extended its lease till January 31, 2023. The current base rental rate of $9,000.00 is a mere $4.70 per square foot on an annual basis. The current owner invested over $132K in 2012 and replaced the roof and A/C units. This property has true upside potential with the resurgence of the area and also the lower than market rental rate currently in place.
PROPERTY TAXES
| Parcel Number | 0581750000001 | Improvements Assessment | $68,434 |
| Land Assessment | $1,200,000 | Total Assessment | $1,268,434 |
PROPERTY TAXES
