1535 Elton StHouston, TX 77034

Property Details for 1535 Elton St

Year built

1958

Construction

STONE

Lot size

1.58 AC

Property size (Sq ft)

16,128 SF

Property type

Grocery and convenience stores

APN

342030030310

APU

342030030310

Description

This exceptional 10,000-square-foot free-standing retail building, located at 1535 Elton St, Houston, TX 77034, presents a compelling investment opportunity. Currently operating at 100% occupancy, the property boasts a strong 8.50% capitalization rate and a price per square foot of $120, totaling an asking price of $1,200,000. Situated in Harris County, this retail center benefits from high visibility and easy accessibility due to its prominent frontage and proximity to I-45. The property caters to a strong Hispanic demographic, ensuring a consistent customer base. Leases include built-in rent escalation clauses, and the triple-net (NNN) structure passes through all operating expenses to tenants, minimizing landlord responsibilities. Beyond the existing building, the property includes additional land, offering significant upside potential for future development, such as constructing an additional free-standing pad site. This turnkey investment provides immediate cash flow and long-term growth prospects in a thriving Houston market. The high traffic count and strategic location make this a truly exceptional opportunity for investors seeking a stable, high-yielding retail asset.

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.6501

Longitude

-95.2487

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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