Skip to main content

Shopping Strip

Clarewood Center

6115 Clarewood Dr, Houston, TX 77081

Listing Price: $2,750,000

Cap Rate
7.22%
Gross SF
10,020
Rentable SF
10,020
Price/Gross SF
$274.45
Lot Size
0.50 acres
Year Built
1977

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale Clarewood Center, located at 6115 Clarewood Drive in Houston, Texas. This neighborhood center was recently renovated in 2018 and features 10,020 square feet of leasable area. Offered for $2,750,000, Clarewood Center is a stabilized NNN retail center at 100 percent occupancy, which offers an investor a year one CAP rate of 7.22 percent and a total return of 13.68 percent with proposed debt. Located one block away from Hillcroft Avenue (40,284 vehicles per day) and Bellaire Blvd (28,341 vehicles per day), this property is in close proximity to national and regional retail tenants such as Fiesta Mart, Walgreens, AutoZone, FAMSA Furniture, Family Thrift Outlet, and more. This neighborhood center benefits from a high population count of 240,867 in a 3-mile radius with an average household income of $88,816.

Investment Highlights

  • Current Cap Rate of 7.22%
  • 100% Occupied with NNN Leases
  • Close Proximity to Strong National and Regional Tenants
  • Average Household Income $88,816 Within a 3-Mile Radius

Exclusively Listed By

Shopping Strip

Clarewood Center

Listing Price: $2,750,000

Cap Rate
7.22%
Gross SF
10,020
Rentable SF
10,020
Price/Gross SF
$274.45
Lot Size
0.50 acres
Year Built
1977

Investment Highlights

  • Current Cap Rate of 7.22%
  • 100% Occupied with NNN Leases
  • Close Proximity to Strong National and Regional Tenants
  • Average Household Income $88,816 Within a 3-Mile Radius

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale Clarewood Center, located at 6115 Clarewood Drive in Houston, Texas. This neighborhood center was recently renovated in 2018 and features 10,020 square feet of leasable area. Offered for $2,750,000, Clarewood Center is a stabilized NNN retail center at 100 percent occupancy, which offers an investor a year one CAP rate of 7.22 percent and a total return of 13.68 percent with proposed debt. Located one block away from Hillcroft Avenue (40,284 vehicles per day) and Bellaire Blvd (28,341 vehicles per day), this property is in close proximity to national and regional retail tenants such as Fiesta Mart, Walgreens, AutoZone, FAMSA Furniture, Family Thrift Outlet, and more. This neighborhood center benefits from a high population count of 240,867 in a 3-mile radius with an average household income of $88,816.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower