Shopping Strip
Linh Dao City Centre & Linh Dao Plaza
9934 Jones Rd, Houston, TX 77065
Listing Price: $22,500,000
Investment Overview
The subject property is comprised of 15 multi-tenant flex buildings totaling 120,195 square feet of leasable area, which includes 10,500-square feet of canopied space, well positioned in the northwestern quadrant of Houston, Texas. The center is 96 percent occupied, and all leases are on triple-net terms. The diverse tenant base consists of internet-resistant and service-oriented local businesses providing service to the surrounding area. The buildings are situated on 8.05 acres with concrete parking, and were constructed between 2017 and 2021, featuring metal roofs.
Linh Dao City Centre and Linh Dao Plaza are located on Jones Road with high traffic counts exceeding 48,286 vehicles per day. The subject property is in a dense retail trade area, near neighboring national and regional retailers including H-E-B, Family Dollar, Discount Tire, Kroger, ALDI, Planet Fitness, McDonald's, Take 5 Oil Change, Ollie's Bargain Outlet, Goodwill, Ross Dress for Less, Dollar Tree, EZPawn, Metro by T-Mobile, Walmart Supercenter, Target, The Home Depot, and many more. The subject property is also in close proximity to major employers such as Toshiba International Corporation, providing a daytime employment population of approximately 153,220 people within a five-mile radius.
Investment Highlights
- Multi-Tenant Flex Center Comprised of 15 Buildings Situated on Two Land Parcels for a Combined Gross Leasable Area of 120,195 Square Feet
- Stabilized Asset | All Leases are on Triple-Net Terms
- Current Average Rents are Below Market | Approximately 5,280-Square-Feet of Vacancy | Potential Future Upside with Many Leases on Month-to-Month Status
- Located on Jones Road | High Traffic Counts Exceeding 48,286 Vehicles per Day
Listing Price: $22,500,000
Investment Highlights
- Multi-Tenant Flex Center Comprised of 15 Buildings Situated on Two Land Parcels for a Combined Gross Leasable Area of 120,195 Square Feet
- Stabilized Asset | All Leases are on Triple-Net Terms
- Current Average Rents are Below Market | Approximately 5,280-Square-Feet of Vacancy | Potential Future Upside with Many Leases on Month-to-Month Status
- Located on Jones Road | High Traffic Counts Exceeding 48,286 Vehicles per Day
Investment Overview
The subject property is comprised of 15 multi-tenant flex buildings totaling 120,195 square feet of leasable area, which includes 10,500-square feet of canopied space, well positioned in the northwestern quadrant of Houston, Texas. The center is 96 percent occupied, and all leases are on triple-net terms. The diverse tenant base consists of internet-resistant and service-oriented local businesses providing service to the surrounding area. The buildings are situated on 8.05 acres with concrete parking, and were constructed between 2017 and 2021, featuring metal roofs. Linh Dao City Centre and Linh Dao Plaza are located on Jones Road with high traffic counts exceeding 48,286 vehicles per day. The subject property is in a dense retail trade area, near neighboring national and regional retailers including H-E-B, Family Dollar, Discount Tire, Kroger, ALDI, Planet Fitness, McDonald's, Take 5 Oil Change, Ollie's Bargain Outlet, Goodwill, Ross Dress for Less, Dollar Tree, EZPawn, Metro by T-Mobile, Walmart Supercenter, Target, The Home Depot, and many more. The subject property is also in close proximity to major employers such as Toshiba International Corporation, providing a daytime employment population of approximately 153,220 people within a five-mile radius.