2445 Fulton StHouston, TX 77009

Property Details for 2445 Fulton St

Year built

2001

Construction

STEEL FRAME

Lot size

0.93 AC

Property size (Sq ft)

8,920 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1214710010001

APU

1214710010001

Description

This exceptional 15,526-square-foot shopping center, located at 2445 Fulton St in Houston, Texas (zip code 77009), presents a compelling investment opportunity. Built in 2001, this multi-tenant property sits on a 0.93-acre lot and boasts 100% occupancy with nine established tenants. The property is classified as a retail shopping center with a triple-net (NNN) lease structure. The leases include rent bumps, ensuring consistent income growth. This urban core asset benefits from its prominent hard corner location and features major national retailers. The surrounding trade area is experiencing significant growth, with an 8% population increase projected. The property's modest base rents, coupled with the built-in rent increases, provide a stable and attractive return on investment. This is a rare opportunity to acquire a fully leased, high-performing retail center in a thriving Houston market. The property's strong tenant mix and favorable lease terms make it an ideal addition to any portfolio. The property is not subject to a ground lease.

• CAP approach

  CAP return

  Valuation

  6%

  $2,161,190

  6.5%

  $1,994,950

  7%

  $1,852,450

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,371,200

  Geo Method

  $2,777,380

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,969,220

  Mixed-Use / Specialty

  $1,955,960

  Hospitality / Lodging

  $1,393,530

  Office

  $1,911,150

  Institutional / Educational

  $2,022,020

  Residential Income

  $2,365,770

  Multifamily

  $3,014,070

  Automotive / Energy

  $1,733,160

  Parking / Income-Based Land

  $629,583

  Restaurant / Food Service

  $949,289

  Healthcare / Senior Housing

  $2,038,490

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7841

Longitude

-95.3613

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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