Investment Overview

Marcus & Millichap is pleased to exclusively list for sale a dual-anchored strip center located at 9413 Jensen Drive in Houston, Texas. This 4,800 square foot retail center is situated on a 0.39-acre tract of land adjacent to the signalized, hard corner of Tidwell Road (20,194 VPD) and Jensen Drive (13,422 VPD). The subject property is fully occupied, accommodating two tenants. Ace Cash Express lease is corporate guaranteed, and LA Insurance lease is guaranteed by a franchisee. Both tenants reimburse pro rata share of Insurance and Real Estate Taxes. However, Real Estate Tax Reimbursement is subject to a Base Stop Expense figure. Ultimately, the vast majority of taxes and insurance are paid by the tenants. The strip center is well-positioned in the underserved Eastex/Jensen submarket that houses a dense population of 124,430 within a three-mile radius. It is adjacent to a competitive McDonald’s and a Cash America Pawn. Other notable retailers include: O’Reilly Auto Parts, Jack in the Box, Subway, Popeyes, Burger King, and Auto Zone.