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Shopping Strip

Kenchester Park Retail Center

1307 FM 1960, Houston, TX 77073

Listing Price: $1,375,000

Cap Rate
7.25%
Gross SF
6,250
Rentable SF
6,250
Price/Gross SF
$220.00
Lot Size
0.54 acres
Year Built
1974

Investment Overview

Kenchester Park is a 6,250-square-foot, multi-tenant retail center located in Houston, Texas. The center is 100 percent occupied with triple-net leases. Tenants are a complementary mix of internet-resistant, service-oriented, and essential service businesses. Constructed in 1974 and completely renovated in 2020 New interior plumbing and electrical | New AC units installed November 2022 New mini-split AC unit installed in 2021 | LED interior and exterior light fixtures High performance spray foam insulation

Investment Highlights

  • 6,250-Square-Foot, Multi-Tenant Retail Center Located in the Kenchester Park Neighborhood of North Houston
  • Stabilized Retail Center | 100 Percent Occupied | All Leases are Triple-Net
  • Current Average Rents are Below Market | Upside Potential in Securing Lease Renewals at Market Rates
  • Building is Completely Renovated (2020) with Attractive Architecture | Situated on a 0.54-Acre Lot with Secured Asphalt Parking

Exclusively Listed By

Financing By

Shopping Strip

Kenchester Park Retail Center

Listing Price: $1,375,000

Cap Rate
7.25%
Gross SF
6,250
Rentable SF
6,250
Price/Gross SF
$220.00
Lot Size
0.54 acres
Year Built
1974

Investment Highlights

  • 6,250-Square-Foot, Multi-Tenant Retail Center Located in the Kenchester Park Neighborhood of North Houston
  • Stabilized Retail Center | 100 Percent Occupied | All Leases are Triple-Net
  • Current Average Rents are Below Market | Upside Potential in Securing Lease Renewals at Market Rates
  • Building is Completely Renovated (2020) with Attractive Architecture | Situated on a 0.54-Acre Lot with Secured Asphalt Parking

Investment Overview

Kenchester Park is a 6,250-square-foot, multi-tenant retail center located in Houston, Texas. The center is 100 percent occupied with triple-net leases. Tenants are a complementary mix of internet-resistant, service-oriented, and essential service businesses. Constructed in 1974 and completely renovated in 2020 New interior plumbing and electrical | New AC units installed November 2022 New mini-split AC unit installed in 2021 | LED interior and exterior light fixtures High performance spray foam insulation

Exclusively Listed By

Financing By

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