3503 Sam Houston PkwyHouston, TX 77047

Property Details for 3503 Sam Houston Pkwy

Year built

2017

Construction

CONCRETE BLOCKS

Lot size

5.16 AC

Property size (Sq ft)

29,925 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1380630010002

APU

1380630010002

Description

This exceptional 16,017-square-foot retail center in Houston, Texas, presents a compelling investment opportunity. Anchored by a Popeyes restaurant operated by an experienced franchisee managing over 125 units, the property boasts 100% occupancy and a strong net operating income (NOI) of $382,416, yielding a 7.40% cap rate. Built in 2018, the center features 90 parking spaces and sits on a 2.18-acre lot, zoned for commercial use. The property benefits from a prime location along a heavily trafficked arterial thoroughfare (over 27,000 vehicles daily), with convenient access to major highways including the Sam Houston Tollway and State Highway 288. Its strategic placement near a significant Amazon distribution center and other national retailers like Kroger, Bass Pro Shops, Chick-fil-A, and Buc-ee's ensures high visibility and strong consumer traffic. The diverse tenant mix, including restaurant and storefront spaces, creates a stable income stream. The asking price is $5,168,000, translating to $322.66 per square foot. The 5-mile trade area boasts over 207,000 residents and 50,000 daytime employees, with an average household income exceeding $105,000. The property's fee simple ownership (land and building) provides complete control and long-term value appreciation potential. The Popeyes location includes a drive-thru, enhancing convenience and sales potential. All leases are triple-net (NNN), minimizing expenses for the owner. This is a rare opportunity to acquire a high-performing, well-located retail center in a thriving Houston market.

• CAP approach

  CAP return

  Valuation

  6%

  $9,009,174

  6.5%

  $8,316,160

  7%

  $7,722,149

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,146,446

  Geo Method

  $22,577,300

• Alternative Use

  Use

  Valuation

  Residential

  $7,014,992

  Hospitality

  $6,425,696

  Educational

  $5,346,103

  Medical

  $5,529,964

  Retail

  $8,316,160

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.599

Longitude

-95.3661

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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