Broadway Bellfort Center

Marcus & Millichap is pleased to exclusively offer for sale Broadway Bellfort Center, located at 8302 Broadway Street in Houston, Texas. There are two buildings fronting Broadway Street that total 20,790 square feet. Additionally, there is another 7,500 square foot building behind the front strip center. The property is situated on 2.14 acres on the hard, signalized corner of Bellfort Avenue and Broadway Street.

Broadway Bellfort is listed for sale at $4,175,380, which is a 7.62 percent cap rate. Tenants vary between NNN, Modified Gross, and Gross lease terms. Currently, over fifty percent of operating expenses are reimbursed by the tenants, reducing the burden on an investor.

The subject property is located in Glenbrook Valley, a dense residential area. William P. Hobby Airport, which accommodates 6.4 million passengers a year, is 1.4 miles away. Nearby retailers include: McDonald’s, Popeyes, Walgreens, Burger King, Pizza Hut, and Family Dollar.