Sablechase Plaza

Marcus & Millichap is pleased to exclusively list for sale Sablechase Plaza, located at 13712 Walters Road in Houston, Texas. This 12,980-square-foot retail center is located on the hard, signalized corner of Walters Road and Sablechase Drive. The subject property is 100 percent occupied, accommodating five tenants.

Sablechase Plaza is offered at a price of $1,899,000 ($146/SF), which is below replacement cost. Factoring a net operating income of $142,887, the cap rate is an attractive 7.52 percent. There is future rent growth within the existing leases which will increase the return over time.