8707 MLK
$1,827,000
8707 Martin Luther King, Jr. Blvd, Houston, TX 77033
Cap Rate
7.89%
Square Feet
9500
Year Built/Renovated
1965/2021
INVESTMENT HIGHLIGHTS
• Frontage Location With Multiple Access Points
• Straight In-Line Retail Center
• 100 Percent Occupied
• NNN Tenants: 100 Percent Reimbursable Expenses
• 7.89 Percent Day One Cap Rate
• Dense Residential Area
PROPERTY DESCRIPTION
Marcus & Millichap is pleased to exclusively list for sale 8707 MLK Shopping Center located at 8707 Martin Luther King, Jr. Boulevard in Houston, Texas. This 9,500-square-foot retail center is located on approximately 0.92 acres fronting Martin Luther King, Jr. Boulevard.
The subject property is 100 percent occupied, accommodating six tenants. All tenant leases are triple-net, protecting an investor from possible increases in future expenses. Additionally, tenants are signed to long-term leases. 8707 MLK Shopping Center is offered at a price of $1,827,000, which represents a 7.89 percent cap rate.
Gus N. Lagos
MANAGING DIRECTOR INVESTMENTS
713-452-4257
Alex Wolansky, CCIM
SENIOR DIRECTOR INVESTMENTS
713-452-4292
