9214 North FwyHouston, TX 77037

Property Details for 9214 North Fwy

Year built

1962

Lot size

1.10 AC

Property size (Sq ft)

5,200 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional Houston investment opportunity presents a 5,200 square foot, multi-tenant retail property situated on a 1.1-acre lot at 9214 North Freeway, offering immediate income. The property boasts two buildings, each with its own driveway, and features a car lot/mechanic shop and a novelty store as tenants. The auto dealership lease expires September 30, 2025, with the tenant currently paying $5,000 per month. The novelty store lease runs until December 1, 2026, with a monthly rent of $6,213.34, including annual increases and a five-year renewal option. The property is 100% occupied, generating a 6.00% cap rate, and is priced at $2,195,000 ($422.12/sq ft). Built in 1962, this single-story complex benefits from high visibility and high traffic counts due to its prime location on the North Freeway feeder road between West Mount Houston Road and West Gulf Bank Road in Harris County, Texas, zip code 77037. The property's mixed-use nature, combined with its strong tenant occupancy and favorable lease terms, makes it an attractive investment prospect. The novelty store occupies a 3,200 square foot building. This is a Net Net lease.

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.8948

Longitude

-95.4114

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