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Shopping Strip

Eastwood Market

1001 Telephone Rd, Houston, TX 77023

Listing Price: $1,071,429

Cap Rate
7.00%
Gross SF
4,200
Rentable SF
4,200
Price/Gross SF
$255.10
Lot Size
0.27 acres
Year Built
1958

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale Eastwood Market, located at 1001 Telephone Road, Houston, Texas 77023. Eastwood Market is divided into three suites, all of which are occupied by the same tenant. Eastwood Market provides an investor with a day-one CAP rate of seven percent. The current tenant’s lease agreement expires on 7/31/2028, providing a Buyer stable cash flow. Additionally, said lease is true NNN meaning operating expenses are 100 percent reimbursable. Eastwood Market is located in the Greater Eastwood Area, which is seeing significant growth and gentrification. The Greater Eastwood Area is in close proximity to East Downtown, which is one of Houston’s fastest re-developing areas. The property is surrounded by hip restaurants, cafes, bars, and businesses, which attract young professionals to live in close proximity to the property, ultimately improving demographics and disposable income in the area.

Investment Highlights

  • 7.00 Percent CAP Rate
  • 100 Percent Occupied
  • NNN Lease | 100 Percent Reimbursable Expenses
  • Area Is Actively Transitioning Into Houston's Next Premier Urban Destination

Exclusively Listed By

Financing By

Shopping Strip

Eastwood Market

Listing Price: $1,071,429

Cap Rate
7.00%
Gross SF
4,200
Rentable SF
4,200
Price/Gross SF
$255.10
Lot Size
0.27 acres
Year Built
1958

Investment Highlights

  • 7.00 Percent CAP Rate
  • 100 Percent Occupied
  • NNN Lease | 100 Percent Reimbursable Expenses
  • Area Is Actively Transitioning Into Houston's Next Premier Urban Destination

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale Eastwood Market, located at 1001 Telephone Road, Houston, Texas 77023. Eastwood Market is divided into three suites, all of which are occupied by the same tenant. Eastwood Market provides an investor with a day-one CAP rate of seven percent. The current tenant’s lease agreement expires on 7/31/2028, providing a Buyer stable cash flow. Additionally, said lease is true NNN meaning operating expenses are 100 percent reimbursable. Eastwood Market is located in the Greater Eastwood Area, which is seeing significant growth and gentrification. The Greater Eastwood Area is in close proximity to East Downtown, which is one of Houston’s fastest re-developing areas. The property is surrounded by hip restaurants, cafes, bars, and businesses, which attract young professionals to live in close proximity to the property, ultimately improving demographics and disposable income in the area.

Exclusively Listed By

Financing By

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