Shopping Strip
Eastwood Market
1001 Telephone Rd, Houston, TX 77023
Listing Price: $1,071,429
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
Listing Price: $1,071,429
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

