6031 Highway 6Houston, TX 77084

Property Details for 6031 Highway 6

Year built

2007

Construction

CONCRETE BLOCKS

Lot size

1.89 AC

Property size (Sq ft)

19,170 SF

Property type

Retail space

APN

1232910010005

APU

1232910010005

Description

This exceptional 17,550 square foot shopping center presents a compelling investment opportunity. Located at 6031 Hwy 6 N in Houston, Texas, this single-story, 100% occupied property boasts eight tenants on long-term NNN leases, featuring annual rent increases every five years. The center is anchored by UPS and includes a La Carniceria, a national meat market chain. Situated on a 1.891-acre lot, the property benefits from high visibility on Highway 6, experiencing over 46,000 vehicles daily, and enjoys convenient access to I-10. Built in 2007, the center offers a strong net operating income (NOI) of $357,524, resulting in a 5.63% cap rate and a price per square foot of $361.82. The asking price is $6,350,000. The property's prime location within the Energy Corridor, a thriving business hub in West Houston, is further enhanced by a dense population within a five-mile radius, boasting an average annual household income exceeding $121,064. This presents a rare opportunity to acquire a stable, high-performing retail asset in a desirable market. The property's strong tenant mix, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio. All financial information is based on current data.

• CAP approach

  CAP return

  Valuation

  6%

  $5,771,290

  6.5%

  $5,327,345

  7%

  $4,946,820

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,140,430

  Geo Method

  $14,463,052

• Alternative Use

  Use

  Valuation

  Residential

  $4,493,814

  Hospitality

  $4,116,310

  Educational

  $3,424,722

  Medical

  $3,542,503

  Retail

  $5,327,345

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.8632

Longitude

-95.6457

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].