Shopping Strip
Sablechase Plaza
13712 Walters Rd, Houston, TX 77014
Listing Price: $1,899,000
Investment Overview
Marcus & Millichap is pleased to exclusively list for sale Sablechase Plaza, located at 13712 Walters Road in Houston, Texas. This 12,980-square-foot retail center is located on the hard, signalized corner of Walters Road and Sablechase Drive. The subject property is 100 percent occupied, accommodating five tenants.
Sablechase Plaza is offered at a price of $1,899,000 ($146/SF), which is below replacement cost. Factoring a net operating income of $142,887, the cap rate is an attractive 7.52 percent. There is future rent growth within the existing leases which will increase the return over time.
Exclusively Listed By
Financing By
Listing Price: $1,899,000
Investment Highlights
- Attractive Going-In Cap Rate
- Diversified, Service-Based Tenant Mix
- Located on Hard, Signalized Corner Walters Road and Sablechase Drive
- Contractual Rent Growth
- Priced Below Replacement Cost
Investment Overview
Marcus & Millichap is pleased to exclusively list for sale Sablechase Plaza, located at 13712 Walters Road in Houston, Texas. This 12,980-square-foot retail center is located on the hard, signalized corner of Walters Road and Sablechase Drive. The subject property is 100 percent occupied, accommodating five tenants. Sablechase Plaza is offered at a price of $1,899,000 ($146/SF), which is below replacement cost. Factoring a net operating income of $142,887, the cap rate is an attractive 7.52 percent. There is future rent growth within the existing leases which will increase the return over time.
Exclusively Listed By
Financing By
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