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Shopping Strip

Briarwest Plaza

12970 Westheimer Rd, Houston, TX 77077

Listing Price: $5,021,800

Cap Rate
6.40%
Gross SF
17,070
Rentable SF
17,070
Price/Gross SF
$294.19
Lot Size
1.85 acres
Year Built
2006

Investment Overview

The offering consists of a fully occupied 17,070 square foot strip center in Houston, TX. The asset is situated on 1.85 acres and fronts on Westheimer Road with great visibility. There are multiple points of entry with abundant parking space and a high freestanding pylon sign. A convenience store is also adjacent to the subject property and connected within the same parking lot. Tenants advertised as gross leases currently pay gross rents, however the leases allow for a new owner to charge for Taxes, Insurance, and CAM. This is a great opportunity for investors seeking to receive uncollected additional rent on the busy street of Westheimer Road with favorable demographics. The asset is located in a highly dense region of Southwest Houston between South Dairy Ashford and Eldridge Parkway. It sits North of Westpark Tollway and East of Highway 6. The asset is surrounded by residential homes, Sam's Club, Fiesta Grocery, Office Depot, Target, and other national retailers. The Southwest Submarket is the most densely populated and most diverse community in Houston, TX. Retail here benefits from the high household density and boasts plenty of multicultural restaurants and grocery stores that cater to the local diverse population. Within a one, three, and five mile radius, the population totals over 24,280, 175,443, and 409,918. Average household incomes are $83,508, $91,664, and $89,186 within a one, three, and five mile radius respectively.

Investment Highlights

  • 100% Occupied
  • Frontage on Westheimer Road
  • 63,663 Daily Traffic Count
  • Opportunity To Collect Additional Rent
  • Three Mile Radius: $91,664 AHHI | 175,443 Population
  • Near Target, Fiesta Grocery and Office Depot

Exclusively Listed By

Financing By

Shopping Strip

Briarwest Plaza

Listing Price: $5,021,800

Cap Rate
6.40%
Gross SF
17,070
Rentable SF
17,070
Price/Gross SF
$294.19
Lot Size
1.85 acres
Year Built
2006

Investment Highlights

  • 100% Occupied
  • Frontage on Westheimer Road
  • 63,663 Daily Traffic Count
  • Opportunity To Collect Additional Rent
  • Three Mile Radius: $91,664 AHHI | 175,443 Population
  • Near Target, Fiesta Grocery and Office Depot

Investment Overview

The offering consists of a fully occupied 17,070 square foot strip center in Houston, TX. The asset is situated on 1.85 acres and fronts on Westheimer Road with great visibility. There are multiple points of entry with abundant parking space and a high freestanding pylon sign. A convenience store is also adjacent to the subject property and connected within the same parking lot. Tenants advertised as gross leases currently pay gross rents, however the leases allow for a new owner to charge for Taxes, Insurance, and CAM. This is a great opportunity for investors seeking to receive uncollected additional rent on the busy street of Westheimer Road with favorable demographics. The asset is located in a highly dense region of Southwest Houston between South Dairy Ashford and Eldridge Parkway. It sits North of Westpark Tollway and East of Highway 6. The asset is surrounded by residential homes, Sam's Club, Fiesta Grocery, Office Depot, Target, and other national retailers. The Southwest Submarket is the most densely populated and most diverse community in Houston, TX. Retail here benefits from the high household density and boasts plenty of multicultural restaurants and grocery stores that cater to the local diverse population. Within a one, three, and five mile radius, the population totals over 24,280, 175,443, and 409,918. Average household incomes are $83,508, $91,664, and $89,186 within a one, three, and five mile radius respectively.

Exclusively Listed By

Financing By

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