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Shopping Strip

7147 Bellfort Avenue

7147 Bellfort Ave, Houston, TX 77087

Listing Price: $1,337,596

Cap Rate
8.25%
Gross SF
8,100
Rentable SF
8,100
Price/Gross SF
$165.14
Lot Size
0.64 acres
Year Built
1969

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.

Investment Highlights

  • 8.25 Percent CAP Rate
  • 100 Percent Occupied
  • Value Add Opportunity - Converting Gross Leases to NNN Leases
  • Frontage on Bellfort Avenue with Close Proximity to Mykawa Road, Telephone Road, Interstate 45 South, and 610 Loop
  • Near The William P. Hobby International Airport | 11.3 Million Passengers Annually

Exclusively Listed By

Financing By

Shopping Strip

7147 Bellfort Avenue

Listing Price: $1,337,596

Cap Rate
8.25%
Gross SF
8,100
Rentable SF
8,100
Price/Gross SF
$165.14
Lot Size
0.64 acres
Year Built
1969

Investment Highlights

  • 8.25 Percent CAP Rate
  • 100 Percent Occupied
  • Value Add Opportunity - Converting Gross Leases to NNN Leases
  • Frontage on Bellfort Avenue with Close Proximity to Mykawa Road, Telephone Road, Interstate 45 South, and 610 Loop
  • Near The William P. Hobby International Airport | 11.3 Million Passengers Annually

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.

Exclusively Listed By

Financing By

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