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Shopping Strip

Emerald Plaza II

11511 Veterans Memorial Dr, Houston, TX 77067

Listing Price: $3,289,000

Cap Rate
7.25%
Gross SF
18,348
Rentable SF
18,348
Price/Gross SF
$179.26
Lot Size
2.07 acres
Year Built
2005

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Emerald Plaza located at 11511 Veterans Memorial Drive in Houston, Texas. The property consists of a 18,348-square-foot retail center situated on 2.07 acres, strategically positioned along Veterans Memorial Drive with exposure to approximately 32,458 vehicles per day, providing exceptional visibility and accessibility.

Emerald Plaza benefits from its proximity to a dense surrounding retail corridor. The property serves a strong trade area with approximately 328,218 residents within a 5-mile radius and is surrounded by numerous national retailers, hotels, creating a dynamic retail environment with strong consumer traffic and long-term growth potential.

Investment Highlights

  • Priced Well Below Replacement Cost: $179.26
  • 100 Percent Occupied Retail Center
  • Strategically Positioned on Veterans Memorial Drive: 32,458 Vehicles Per Day
  • Surrounded by Established Retail, Driving Consistent Consumer Activity

Exclusively Listed By

Financing By

Shopping Strip

Emerald Plaza II

Listing Price: $3,289,000

Cap Rate
7.25%
Gross SF
18,348
Rentable SF
18,348
Price/Gross SF
$179.26
Lot Size
2.07 acres
Year Built
2005

Investment Highlights

  • Priced Well Below Replacement Cost: $179.26
  • 100 Percent Occupied Retail Center
  • Strategically Positioned on Veterans Memorial Drive: 32,458 Vehicles Per Day
  • Surrounded by Established Retail, Driving Consistent Consumer Activity

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Emerald Plaza located at 11511 Veterans Memorial Drive in Houston, Texas. The property consists of a 18,348-square-foot retail center situated on 2.07 acres, strategically positioned along Veterans Memorial Drive with exposure to approximately 32,458 vehicles per day, providing exceptional visibility and accessibility. Emerald Plaza benefits from its proximity to a dense surrounding retail corridor. The property serves a strong trade area with approximately 328,218 residents within a 5-mile radius and is surrounded by numerous national retailers, hotels, creating a dynamic retail environment with strong consumer traffic and long-term growth potential.

Exclusively Listed By

Financing By

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