Shopping Strip
Huntsville Retail Portfolio
2100 Sam Houston Ave, Huntsville, TX 77340
Listing Price: $2,900,000
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a four-property portfolio of single and multi-tenant retail centers located in Huntsville, Texas. The subject properties are 100 percent occupied at affordable, below market rents. The Huntsville Retail Portfolio is offered for sale at a price of $2,900,000, which is a 6.85 percent day one cap rate.
An investor could add value by doing the following, which would result in a pro forma cap rate of
8.77 percent:
• 919 11th Street - Increasing annual base rent by 15 percent (to $10.82/SF)
• 1212 14th Street - Increasing annual base rent to $12/SF
• 2100 Sam Houston Avenue - Leasing Suite 2100D & 2100E at $16.50/SF Base Rent + NN,
and collecting pro-rata share of insurance from Insomnia Cookies (in addition to pro-rata share of Property Taxes), which Tenant has paid historically per Landlord.
The properties are located in the heart of Huntsville, which is also home to Sam Houston State University. With over 21,000 students, SHSU is known for its strong academic programs, community ties, and significant contributions to the local economy. The city of Huntsville has over 47,000 residents and has experienced significant population growth in recent years.
Huntsville Retail Portfolio
Investment Highlights
- Stabilized and Fully Occupied Asset: This retail center is 100 percent occupied, ensuring consistent cash flow from existing tenants.
- Prime Location: Strategically located near Historic Downtown Huntsville and Sam Houston State University, which serve as major retail traffic drivers in the area.
- High Occupancy History: Situated in a heavily trafficked corridor with limited retail space availability, these properties have maintained a strong history of high occupancy rates.
- Upside Opportunity: The properties feature affordable, below market rents, allowing for further upside through raising below market rents.
Exclusively Listed By
Financing By
Listing Price: $2,900,000
Investment Highlights
- Stabilized and Fully Occupied Asset: This retail center is 100 percent occupied, ensuring consistent cash flow from existing tenants.
- Prime Location: Strategically located near Historic Downtown Huntsville and Sam Houston State University, which serve as major retail traffic drivers in the area.
- High Occupancy History: Situated in a heavily trafficked corridor with limited retail space availability, these properties have maintained a strong history of high occupancy rates.
- Upside Opportunity: The properties feature affordable, below market rents, allowing for further upside through raising below market rents.
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a four-property portfolio of single and multi-tenant retail centers located in Huntsville, Texas. The subject properties are 100 percent occupied at affordable, below market rents. The Huntsville Retail Portfolio is offered for sale at a price of $2,900,000, which is a 6.85 percent day one cap rate. An investor could add value by doing the following, which would result in a pro forma cap rate of 8.77 percent: • 919 11th Street - Increasing annual base rent by 15 percent (to $10.82/SF) • 1212 14th Street - Increasing annual base rent to $12/SF • 2100 Sam Houston Avenue - Leasing Suite 2100D & 2100E at $16.50/SF Base Rent + NN, and collecting pro-rata share of insurance from Insomnia Cookies (in addition to pro-rata share of Property Taxes), which Tenant has paid historically per Landlord. The properties are located in the heart of Huntsville, which is also home to Sam Houston State University. With over 21,000 students, SHSU is known for its strong academic programs, community ties, and significant contributions to the local economy. The city of Huntsville has over 47,000 residents and has experienced significant population growth in recent years.
Exclusively Listed By
Financing By
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