Walters Road Shopping Center
$1,463,000
12755 Walters Rd, Houston, TX 77014
Cap Rate
7.75%
Square Feet
6000
Year Built/Renovated
2006
INVESTMENT HIGHLIGHTS
• Attractive 7.75 Percent Cap Rate Day One
• Internet-Resistant Stable Tenants on Staggered Leases
• Priced Below Replacement Cost
• Well Constructed Property with Attractive Exterior Finishings
PROPERTY DESCRIPTION
Marcus & Millichap is pleased to exclusively offer for sale Walters Road Shopping Center, a 6,000-square-foot shopping center, situated on a half-acre of land. The property is located at 12755 Walters Road in Houston, Texas.
The subject property is offered for sale at a price of $1,463,000, which is priced below replacement cost at $243 per square foot. Walters Road Shopping Center provides a purchaser a day one cap rate of 7.75 percent. The shopping center is 100 percent occupied by diverse, internet-resistant tenants with staggered lease terms.
Scott Jones
ASSOCIATE INVESTMENTS
713-452-4359
Gus N. Lagos
MANAGING DIRECTOR INVESTMENTS
713-452-4257
Alex Wolansky, CCIM
SENIOR DIRECTOR INVESTMENTS
