3503 Sam Houston PkwyHouston, TX 77047

For Sale
$5,168,000
16,017 SF, 100% Occupied, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional 16,017-square-foot retail center in Houston, Texas, presents a compelling investment opportunity. Anchored by a Popeyes restaurant operated by an experienced franchisee managing over 125 units, the property boasts 100% occupancy and a strong net operating income (NOI) of $382,416, yielding a 7.40% cap rate. Built in 2018, the center features 90 parking spaces and sits on a 2.18-acre lot, zoned for commercial use. The property benefits from a prime location along a heavily trafficked arterial thoroughfare (over 27,000 vehicles daily), with convenient access to major highways including the Sam Houston Tollway and State Highway 288. Its strategic placement near a significant Amazon distribution center and other national retailers like Kroger, Bass Pro Shops, Chick-fil-A, and Buc-ee's ensures high visibility and strong consumer traffic. The diverse tenant mix, including restaurant and storefront spaces, creates a stable income stream. The asking price is $5,168,000, translating to $322.66 per square foot. The 5-mile trade area boasts over 207,000 residents and 50,000 daytime employees, with an average household income exceeding $105,000. The property's fee simple ownership (land and building) provides complete control and long-term value appreciation potential. The Popeyes location includes a drive-thru, enhancing convenience and sales potential. All leases are triple-net (NNN), minimizing expenses for the owner. This is a rare opportunity to acquire a high-performing, well-located retail center in a thriving Houston market.

Highlights

  • 100% Occupancy.
  • Diverse tenant mix.
  • High visibility and accessibility.
  • Experienced management company operating 125+ units.
  • Prime retail location in a dense corridor.
  • Situated on a major thoroughfare near a highway interchange in a high-traffic area.

Property Details for 3503 Sam Houston Pkwy

Property type
Retail properties, Restaurants
Square Feet
16,017 SF
Year Built
2018
Lot Size (sq. ft)
94,961 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.5990426
Longitude
-95.3666806
3503 Sam Houston Pkwy, Houston, Texas

FAQs

What type of property is this?
Retail property - 16,017 SF, 100% Occupied, High NOI
Where is the retail property located?
The property is located at 3503 Sam Houston Pkwy Houston, TX.
What is the asking price?
The asking price for this property is $5,168,000.
What are key features of this property?
This property features: 100% Occupancy.; Diverse tenant mix.; High visibility and accessibility.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3503 Sam Houston Pkwy
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