4004 Broadway

Marcus & Millichap is pleased to exclusively offer for sale 4004 Broadway, located at 4004 Broadway Street in Houston, Texas. This 4,386-square-foot retail center is situated on a 0.30 acre tract of land fronting Broadway Street, with direct visibility to Gulf Freeway, which carries more than 254,000 vehicles per day.

4004 Broadway is 100 percent occupied by an established mix of national and local tenants, anchored by Papa John’s, which has occupied its space since 2012. The majority of tenants reimburse the landlord for their share of operating expenses. The property is offered for sale for a price of $899,000, which represents a 6.55 percent cap rate.

This property benefits from its strategic location near William P. Hobby Airport, one of Houston’s two major commercial airports and a key driver of economic activity on the city’s southeast side. Hobby Airport serves millions of passengers annually and anchors a growing corridor of retail, hospitality, and logistics development. Its accessibility supports strong drive-time demographics, consistent traffic counts, and visibility for businesses looking to capture both local commuters and the steady flow of business and leisure travelers passing through the region.

Partnering with the Hobby Area Management District, the City of Houston, TxDOT, Scenic Houston, and Trees for Houston, the corridor’s revitalization enhanced the streetscape and established a fresh identity for the emerging district, protecting over 100 mature trees while improving pedestrian mobility with new sidewalks, bus shelters, and the city’s first major LED street lighting installation. These upgrades — paired with earlier roadway reconstruction and infrastructure improvements along the same corridor — have reinforced Broadway as a signature, well-traveled gateway serving business travelers, tourists, and daily commuters heading to and from Hobby Airport. For businesses and investors, this translates into elevated curb appeal, strong visibility, and long-term corridor stability in one of southeast Houston’s most improved commercial arteries.