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Shopping Strip

City West Square

2620 W Sam Houston Pkwy S, Houston, TX 77042

Listing Price: $4,191,000

Cap Rate
5.15%
Gross SF
4,600
Rentable SF
4,600
Price/Gross SF
$911.09
Lot Size
0.45 acres
Year Built
2019

Investment Overview

The offering consists of a fully occupied 4,600 square foot strip center in Houston, TX. Built in 2019, the asset is situated on 0.45 acres and fronts on W Sam Houston Parkway S with great access and visibility. City West Square is shadow anchored by St. Joseph Medical Center with multiple points of entry. The subject property has reciprocal access agreements securing access to and from Westheimer and Rogerdale. A reciprocal parking agreement with 2610 W Sam Houston Parkway is also in place. Both tenants are currently under triple net leases and reimburse for Taxes, Insurance, and CAM. Blackrock Coffee has two five-year renewal options with 10 percent rental increases. Raintree Commercial will prepay five years of base rent plus NNN estimated to be $749,155 at close of escrow. This is a great opportunity for investors seeking to own property on the busy street of Westheimer Road with favorable demographics. City West Square is located in a highly dense region of Southwest Houston with direct access to Westheimer and Rogerdale. It sits North of the Westpark Tollway and East of Highway 6. The asset is surrounded by medical offices, H-E-B, Target, Kroger, Walgreens, and other national retailers. Within a one, three, and five mile radius, the population totals over 20,045, 189,210, and 548,380. Average household incomes are $78,547, $95,959, and $86,767 within a one, three, and five mile radius respectively.

Investment Highlights

  • Pre Payment Of 5 Years Rent Plus NNN At COE
  • Built In 2019 | 63,000 Daily Traffic Count
  • Next To Medical Center | Phillips 66 Company Headquarters
  • Reciprocal Access And Parking Agreements
  • Frontage On W Sam Houston Pkwy | Westchase District
  • Three Mile Radius: $95,959 AHHI | 189,210 Population

Exclusively Listed By

Financing By

Shopping Strip

City West Square

Listing Price: $4,191,000

Cap Rate
5.15%
Gross SF
4,600
Rentable SF
4,600
Price/Gross SF
$911.09
Lot Size
0.45 acres
Year Built
2019

Investment Highlights

  • Pre Payment Of 5 Years Rent Plus NNN At COE
  • Built In 2019 | 63,000 Daily Traffic Count
  • Next To Medical Center | Phillips 66 Company Headquarters
  • Reciprocal Access And Parking Agreements
  • Frontage On W Sam Houston Pkwy | Westchase District
  • Three Mile Radius: $95,959 AHHI | 189,210 Population

Investment Overview

The offering consists of a fully occupied 4,600 square foot strip center in Houston, TX. Built in 2019, the asset is situated on 0.45 acres and fronts on W Sam Houston Parkway S with great access and visibility. City West Square is shadow anchored by St. Joseph Medical Center with multiple points of entry. The subject property has reciprocal access agreements securing access to and from Westheimer and Rogerdale. A reciprocal parking agreement with 2610 W Sam Houston Parkway is also in place. Both tenants are currently under triple net leases and reimburse for Taxes, Insurance, and CAM. Blackrock Coffee has two five-year renewal options with 10 percent rental increases. Raintree Commercial will prepay five years of base rent plus NNN estimated to be $749,155 at close of escrow. This is a great opportunity for investors seeking to own property on the busy street of Westheimer Road with favorable demographics. City West Square is located in a highly dense region of Southwest Houston with direct access to Westheimer and Rogerdale. It sits North of the Westpark Tollway and East of Highway 6. The asset is surrounded by medical offices, H-E-B, Target, Kroger, Walgreens, and other national retailers. Within a one, three, and five mile radius, the population totals over 20,045, 189,210, and 548,380. Average household incomes are $78,547, $95,959, and $86,767 within a one, three, and five mile radius respectively.

Exclusively Listed By

Financing By

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