7306 W Tidwell Rd | Houston, TX 77040
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7306 W Tidwell Rd
Houston, TX 77040
West Tidwell Plaza · Retail Property For Sale
Investment Highlights
- GREAT VALUE ADD INVESTMENT OPPORTUNITY!!
- 3 stores vacant, 2 of them are first generation and 1 of them fully built out as medical office.
- Contact the listing agent for rent roll and for a showing appointment.
- Retail building of +/- 22,003 sf with a total of 8 stores including 3 vacancies that counts for a 40% of the space. All leases are gross.
- Land has room to potentially build a drive-thru store.
Executive Summary
Great value add investment opportunity. Retail shopping center of +/- 22,033 sf of total retail space with 3 vacancies, 2 of them first generation and one of them fully built out for medical office. Total space vacant is +/- 8,718 sf equal to almost 40% vacant. All leases are gross and can be turned into NNN with the renewal options. Land has room for potentially build a drive-thru store.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
21,608 SF
Building Class
B
Year Built
2005
Price
$4,200,000
Price Per SF
$194
Cap Rate
7.60%
NOI
$319,200
Percent Leased
60%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
1.87 AC
Zoning
Commercial
Parking
61 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 1076460000008 | Improvements Assessment | $2,007,272 |
| Land Assessment | $1,608,645 | Total Assessment | $3,615,917 |
PROPERTY TAXES
Parcel Number
1076460000008
Land Assessment
$1,608,645
Improvements Assessment
$2,007,272
Total Assessment
$3,615,917
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