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Emerald Plaza II

$3,289,000

11511 Veterans Memorial Dr, Houston, Texas 77067

Cap Rate

7.25%

Square Feet

18348

Year Built/Renovated

2005

INVESTMENT HIGHLIGHTS

•   Priced Well Below Replacement Cost: $179.26

•   100 Percent Occupied Retail Center

•   Strategically Positioned on Veterans Memorial Drive: 32,458 Vehicles Per Day

•   Surrounded by Established Retail, Driving Consistent Consumer Activity

PROPERTY DESCRIPTION

Marcus & Millichap is pleased to exclusively offer for sale Emerald Plaza located at 11511 Veterans Memorial Drive in Houston, Texas. The property consists of a 18,348-square-foot retail center situated on 2.07 acres, strategically positioned along Veterans Memorial Drive with exposure to approximately 32,458 vehicles per day, providing exceptional visibility and accessibility.

Emerald Plaza benefits from its proximity to a dense surrounding retail corridor. The property serves a strong trade area with approximately 328,218 residents within a 5-mile radius and is surrounded by numerous national retailers, hotels, creating a dynamic retail environment with strong consumer traffic and long-term growth potential.

Scott Jones

ASSOCIATE INVESTMENTS
7.25%
713-452-4359

Gus N. Lagos

SENIOR MANAGING DIRECTOR INVESTMENTS
gus.lagos@marcusmillichap.com
713-452-4257

Alex Wolansky, CCIM

MANAGING DIRECTOR INVESTMENTS
713-452-4292
EXCLUSIVELY
LISTED BY
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