3320 Texas 6Houston, TX 77082

For Sale
$9,800,000 View listing
  • Lifestyle centers
  • 25,415 SF

Property Details for 3320 Texas 6

Year built
2004
Lot size
2.53 AC
Property size (Sq ft)
25,415 SF
Property type
Lifestyle centers
Property subtype
Power centers

Description

This exceptional Houston retail investment offers a compelling opportunity. The property comprises three single-story buildings totaling 25,415 square feet on a 2.53-acre lot, situated at 3320, 3402, and 3418 S Texas 6, Houston, TX 77082. Built in 2004, this Class B, multi-tenant retail center boasts 100% occupancy with a diverse tenant mix including Pizza Hut, USPS, Domino's Pizza, UPS, and seven additional tenants. The property features over 500 feet of frontage on Highway 6, benefiting from its location as a shadow center to a high-performing Walmart Supercenter. The current Net Operating Income (NOI) is $656,816, with a projected NOI of $686,000, resulting in a 6.7% cap rate and a pro-forma cap rate of 7.0%. The asking price is $9,800,000, translating to a price per square foot of $385.60. The property is leased under an Absolute NNN lease structure, minimizing management responsibilities. Located in a high-growth area with a population of 143,815 within a three-mile radius and projected submarket growth of 7% over the next three to four years, this investment presents significant long-term potential. The property's Harris County location offers additional tax advantages. This is a stabilized investment with strong cash flow and significant upside potential.

3320 Texas 6, Houston, Texas

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.7223
Longitude
-95.6448

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].