Investment Overview

Marcus & Millichap is pleased to exclusively list for sale a neighborhood retail center on Bellfort Avenue, located at 7147 Bellfort Avenue in Houston, Texas. This 8,100 square feet retail center is situated on a 0.64-acre plot of land. Bellfort Avenue Retail Center provides investors with the opportunity to acquire a 100 percent occupied center at an 8.25 Percent CAP rate. The diverse tenant mix and staggered lease expirations offer a healthy balance between security and value-add opportunity. A purchaser can add value and increase the NOI by self-managing the property and converting gross leases to triple net leases. Bellfort Avenue Retail Center’s frontage location results in high visibility to 17,785 vehicles per day. Additionally, the property is located in close proximity to Mykawa Road, Telephone Road, Interstate 45 South, and 610 Loop, as well as The William P. Hobby International Airport.