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Shopping Neighborhood

West Oaks Place

13711 Westheimer Rd, Houston, TX 77077

Listing Price: $10,700,000

Cap Rate
6.75%
Gross SF
48,698
Rentable SF
48,698
Price/Gross SF
$219.72
Lot Size
3.52 acres
Year Built
1982

Investment Overview

The offering consists of a 93 percent occupied 48,700 square foot shopping center in Houston, Texas. The asset is situated on 3.52 acres and fronts on Westheimer Road with great visibility and heavy traffic counts. There are multiple points of entry with abundant parking space. All tenants are currently under triple net leases paying below market rents and reimburse for CAM, insurance, and taxes. Footlocker just moved into their biggest space and has three five year renewal options. This is a great opportunity for investors seeking to fully lease up and increase rents on the busy street of Westheimer Road with favorable demographics. The asset is located in a highly dense region of Southwest Houston between Addicks-Howell Road and Eldridge Parkway. It is surrounded by Office Depot, Target, Dollar Tree, Michaels, First Watch, and other national retailers. Within a one, three, and five mile radius, the population totals over 13,818, 144,412, and 359,714. Average household incomes are $101,924, $94,071, and $93,703 within a one, three, and five mile radius respectively.

Investment Highlights

  • Triple Nets
  • Frontage On Westheimer Road
  • 44,340 Daily Traffic Count
  • Multiple Points Of Entry | Abundant Parking
  • Three Mile Radius: $94,071 AHHI | 144,412 Population

Exclusively Listed By

Financing By

Shopping Neighborhood

West Oaks Place

Listing Price: $10,700,000

Cap Rate
6.75%
Gross SF
48,698
Rentable SF
48,698
Price/Gross SF
$219.72
Lot Size
3.52 acres
Year Built
1982

Investment Highlights

  • Triple Nets
  • Frontage On Westheimer Road
  • 44,340 Daily Traffic Count
  • Multiple Points Of Entry | Abundant Parking
  • Three Mile Radius: $94,071 AHHI | 144,412 Population

Investment Overview

The offering consists of a 93 percent occupied 48,700 square foot shopping center in Houston, Texas. The asset is situated on 3.52 acres and fronts on Westheimer Road with great visibility and heavy traffic counts. There are multiple points of entry with abundant parking space. All tenants are currently under triple net leases paying below market rents and reimburse for CAM, insurance, and taxes. Footlocker just moved into their biggest space and has three five year renewal options. This is a great opportunity for investors seeking to fully lease up and increase rents on the busy street of Westheimer Road with favorable demographics. The asset is located in a highly dense region of Southwest Houston between Addicks-Howell Road and Eldridge Parkway. It is surrounded by Office Depot, Target, Dollar Tree, Michaels, First Watch, and other national retailers. Within a one, three, and five mile radius, the population totals over 13,818, 144,412, and 359,714. Average household incomes are $101,924, $94,071, and $93,703 within a one, three, and five mile radius respectively.

Exclusively Listed By

Financing By

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