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Shopping Strip

Lakes on Eldridge Centre

5630 N Eldridge Pkwy, Houston, TX 77041

Listing Price: $8,524,000

Cap Rate
6.79%
Gross SF
30,095
Rentable SF
30,095
Price/Gross SF
$283.24
Lot Size
2.10 acres
Year Built
1999

Investment Overview

Lakes on Eldridge Centre is a 100 percent occupied, 30,095-square-foot, multi-tenant neighborhood retail center in Houston, Texas. Approximately 91 percent of the gross leasable area has triple-net leases. Tenants are a complementary mix of internet-resistant, service-oriented businesses, including Pho H&K, Sweet Donuts, Hempire CBD Wellness Center, Rose Nails and Hair, Subway, Roasti Pollo, Breakthrough Harvest Church, Phoenix Rising Smoke N Vapor, Creative Playhouse Kids, China Village, Cell Phone Repair, Edward D. Jones, Tanner Lakes Animal Clinic, Neat Cleaners, Thailandia Massage, and Dr. Shehnaz M. Shirazi, DDS. The center was originally constructed in 1999 and is situated on 2.1 acres with ample paved parking. The subject property has two large double-sided monument signs, providing additional exposure to the center.

Lakes on Eldridge Center is located at the signalized, hard corner intersection of North Eldridge Parkway and Tanner Road and is easily accessible from multiple ingress and egress points. Cumulative traffic counts exceed 50,400 vehicles per day. Nearby national and regional retailers include Jack in the Box, CVS, Kroger, FedEx, McDonald's, Bank of America, LA Fitness and many others. The subject property is also in close proximity to major employers such as Toshiba International Corporation, providing a daytime employment population of approximately 148,712 people within a five-mile radius.

Investment Highlights

  • 30,095-Square-Foot, Multi-Tenant, Neighborhood Retail Center
  • 100% Occupied | 91% of the Gross Leasable Area has Triple-Net Leases
  • Long-Term, Established Tenants | 30% of the Gross Leasable Area has been Leased to Tenants for 10+ Years, and Four of Those Tenants have been In Place Since Building Completion
  • Signalized, Hard Corner Location at the Intersection of North Eldridge Parkway and Tanner Road | Cumulative Traffic Counts Exceed 50,400 Vehicles Per Day
  • Well Positioned to Serve a Community of More than 239,419+ Residents Within a Five-Mile Radius and a Large Daytime Workforce of 148,712+ Within Five Miles

Exclusively Listed By

Financing By

Shopping Strip

Lakes on Eldridge Centre

Listing Price: $8,524,000

Cap Rate
6.79%
Gross SF
30,095
Rentable SF
30,095
Price/Gross SF
$283.24
Lot Size
2.10 acres
Year Built
1999

Investment Highlights

  • 30,095-Square-Foot, Multi-Tenant, Neighborhood Retail Center
  • 100% Occupied | 91% of the Gross Leasable Area has Triple-Net Leases
  • Long-Term, Established Tenants | 30% of the Gross Leasable Area has been Leased to Tenants for 10+ Years, and Four of Those Tenants have been In Place Since Building Completion
  • Signalized, Hard Corner Location at the Intersection of North Eldridge Parkway and Tanner Road | Cumulative Traffic Counts Exceed 50,400 Vehicles Per Day
  • Well Positioned to Serve a Community of More than 239,419+ Residents Within a Five-Mile Radius and a Large Daytime Workforce of 148,712+ Within Five Miles

Investment Overview

Lakes on Eldridge Centre is a 100 percent occupied, 30,095-square-foot, multi-tenant neighborhood retail center in Houston, Texas. Approximately 91 percent of the gross leasable area has triple-net leases. Tenants are a complementary mix of internet-resistant, service-oriented businesses, including Pho H&K, Sweet Donuts, Hempire CBD Wellness Center, Rose Nails and Hair, Subway, Roasti Pollo, Breakthrough Harvest Church, Phoenix Rising Smoke N Vapor, Creative Playhouse Kids, China Village, Cell Phone Repair, Edward D. Jones, Tanner Lakes Animal Clinic, Neat Cleaners, Thailandia Massage, and Dr. Shehnaz M. Shirazi, DDS. The center was originally constructed in 1999 and is situated on 2.1 acres with ample paved parking. The subject property has two large double-sided monument signs, providing additional exposure to the center. Lakes on Eldridge Center is located at the signalized, hard corner intersection of North Eldridge Parkway and Tanner Road and is easily accessible from multiple ingress and egress points. Cumulative traffic counts exceed 50,400 vehicles per day. Nearby national and regional retailers include Jack in the Box, CVS, Kroger, FedEx, McDonald's, Bank of America, LA Fitness and many others. The subject property is also in close proximity to major employers such as Toshiba International Corporation, providing a daytime employment population of approximately 148,712 people within a five-mile radius.

Exclusively Listed By

Financing By

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