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Shopping Strip

Crossroads Plaza

19708 Northwest Fwy, Jersey Village, TX 77065

Listing Price: $8,375,000

Cap Rate
7.23%
Gross SF
26,261
Rentable SF
26,261
Price/Gross SF
$318.91
Lot Size
2.78 acres
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale Crossroads Plaza, located at 19708 Northwest Freeway in Houston, Texas (Jersey Village submarket). This Class A shopping center was built in 2008 and features 26,261 square feet of leasable area and is 100 percent economically occupied and 84.5 percent physically occupied with an internet resistant tenant mix with tenure in lease term and staggered lease expiration dates. Crossroads Plaza is shadow-anchored by Academy Sports + Outdoors, which sees approximately 600,000 visitors per year and ranks in the top 50th percentile of Academy stores in the nation and across Texas. The greater Crossroads Plaza development sees over 1.2 million visitors per year. The Property’s irreplaceable location benefits from excellent visibility from Highway 290 (Northwest Freeway) exposed to approximately 150,000 vehicles per day. Crossroads Plaza benefits from ample parking and cross-access traffic flows with major national retailers. The offering provides an investor with a Current CAP rate of 7.23 percent and Cash-on-Cash Return of 8.92 percent with proposed debt service. The total yield when including principal accruement from debt service in Current Year is 14.28 percent. The Property’s Pro Forma Scheduled CAP rate is 7.5 percent and Cash-on-Cash Return is 9.79 percent with proposed debt service. Crossroads Plaza is also available for sale to a user who wishes to occupy the 4,072 square foot vacancy at Suite 2100.

Investment Highlights

  • Shadow-Anchored by Academy Sports + Outdoors (600,000 Visits Per Year)
  • Greater Crossroads Plaza Development Sees Over 1.2 Million Visits Annually
  • Strong Tenure Amongst Tenants

Exclusively Listed By

Financing By

Shopping Strip

Crossroads Plaza

Listing Price: $8,375,000

Cap Rate
7.23%
Gross SF
26,261
Rentable SF
26,261
Price/Gross SF
$318.91
Lot Size
2.78 acres
Year Built
2008

Investment Highlights

  • Shadow-Anchored by Academy Sports + Outdoors (600,000 Visits Per Year)
  • Greater Crossroads Plaza Development Sees Over 1.2 Million Visits Annually
  • Strong Tenure Amongst Tenants

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale Crossroads Plaza, located at 19708 Northwest Freeway in Houston, Texas (Jersey Village submarket). This Class A shopping center was built in 2008 and features 26,261 square feet of leasable area and is 100 percent economically occupied and 84.5 percent physically occupied with an internet resistant tenant mix with tenure in lease term and staggered lease expiration dates. Crossroads Plaza is shadow-anchored by Academy Sports + Outdoors, which sees approximately 600,000 visitors per year and ranks in the top 50th percentile of Academy stores in the nation and across Texas. The greater Crossroads Plaza development sees over 1.2 million visitors per year. The Property’s irreplaceable location benefits from excellent visibility from Highway 290 (Northwest Freeway) exposed to approximately 150,000 vehicles per day. Crossroads Plaza benefits from ample parking and cross-access traffic flows with major national retailers. The offering provides an investor with a Current CAP rate of 7.23 percent and Cash-on-Cash Return of 8.92 percent with proposed debt service. The total yield when including principal accruement from debt service in Current Year is 14.28 percent. The Property’s Pro Forma Scheduled CAP rate is 7.5 percent and Cash-on-Cash Return is 9.79 percent with proposed debt service. Crossroads Plaza is also available for sale to a user who wishes to occupy the 4,072 square foot vacancy at Suite 2100.

Exclusively Listed By

Financing By

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