Shopping Strip
Chelsea Square II
5020 FM 1960, Houston, TX 77069
Listing Price: $7,071,000
Investment Overview
The subject property is a 70,275 SF multi-tenant retail center situated on 4.5 acres in north Houston. The retail center is located at the intersection of FM 1960 (Cypress Creek Parkway) & Wunderlich Drive. The center is positioned in a retail corridor between large retail boxes with Target and TJ Maxx to the West, and Walmart, Ross, Home Depot and Hobby Lobby to the East. The property is situated at signalized intersection and has three driveways which allows for easy access to and from the center. The property is 73.8 percent occupied providing upside from leasing the vacant spaces. The average rental rate for the tenants is $12.75 PSF. The asking price per square foot for the center is $100. All leases are NNN which require all tenants to pay CAM, Taxes, Insurance and a Management Fee.
Exclusively Listed By
Financing By
Listing Price: $7,071,000
Investment Highlights
- Upside From Vacancy of 26%
- AHHI within 5-mile Radius is $101,361
- Population within 5-mile Radius is 311,343
- Average Daily Car Count is 68,814
Investment Overview
The subject property is a 70,275 SF multi-tenant retail center situated on 4.5 acres in north Houston. The retail center is located at the intersection of FM 1960 (Cypress Creek Parkway) & Wunderlich Drive. The center is positioned in a retail corridor between large retail boxes with Target and TJ Maxx to the West, and Walmart, Ross, Home Depot and Hobby Lobby to the East. The property is situated at signalized intersection and has three driveways which allows for easy access to and from the center. The property is 73.8 percent occupied providing upside from leasing the vacant spaces. The average rental rate for the tenants is $12.75 PSF. The asking price per square foot for the center is $100. All leases are NNN which require all tenants to pay CAM, Taxes, Insurance and a Management Fee.
Exclusively Listed By
Financing By
