5630 Eldridge Pkwy Houston, TX 77041

This exceptional investment opportunity presents a 30,095-square-foot, multi-tenant shopping center in Houston, TX. Boasting 100% occupancy and a 7.05% cap rate, this property offers a strong NOI of $563,896. The center features 15 tenants, a diverse mix of service-oriented and internet-resistant businesses, including restaurants, a wellness center, and professional services. 89% of the gross leasable area is under triple-net leases, providing predictable income streams. Built in 1999, the property sits on 2.1 acres with ample parking and prominent signage at a high-traffic intersection (North Eldridge Parkway and Tanner Road), exceeding 50,400 vehicles daily. Its strategic location benefits from proximity to major employers like Toshiba International Corporation, serving a large daytime workforce and affluent residential population (average household income exceeding $100,000 within a five-mile radius). The property's strong tenant base, including several long-term occupants, contributes to its exceptional stability and potential for future growth. This well-maintained center presents a compelling investment opportunity with significant upside potential due to below-market rents in some spaces. The asking price is $7,995,000, representing a price per square foot of $265.66.