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Shopping Strip

Texas Parkway Plaza

2755 Texas Pkwy, Missouri City, TX 77489

Listing Price: $2,600,000

Cap Rate
7.68%
Gross SF
12,509
Rentable SF
12,509
Price/Gross SF
$207.85
Lot Size
1.04 acres
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale Texas Parkway Plaza, located in Missouri City, Texas. Built in 2008, Texas Parkway Plaza is a neighborhood shopping center with 12,509 square feet of leasable area. The property is 100 percent occupied and offers an investor a current CAP rate of 7.68 percent. The property is just under three miles from both Beltway 8 and US 90, two of the Houston Metropolitan Area’s primary freeways, which connect Missouri City to Houston and its neighboring suburbs. The property is only one mile from the Fort Bend Parkway (a toll road connecting Beltway 8 and Highway 6). Texas Parkway Plaza is a neighborhood shopping center surrounded by dense residential neighborhoods in the Missouri City/Sugar Land sub-market. Texas Parkway Plaza features affordable rents for its tenants, averaging approximately $16 per square foot plus triple nets. The subject property’s affordable rent results in tenants who can sustain their businesses at the subject property, as well as ability to easily re-tenant the property with new tenants when needed.

Investment Highlights

  • Average Household Income of $94,356 Within Five Miles
  • Centrally Located in Dense Residential Area
  • Easy Access to Three Major Roadways (Beltway 8, US 99, Fort Bend Parkway)
  • Continuing Development in Both Residential and Commercial Inside Three Mile Radius
  • Attractive 7.68% CAP Rate with 15.79% Total Return
  • Stabilized Shopping Center With 100% Occupancy

Exclusively Listed By

Financing By

Listing Price: $2,600,000

Cap Rate
7.68%
Gross SF
12,509
Rentable SF
12,509
Price/Gross SF
$207.85
Lot Size
1.04 acres
Year Built
2008

Investment Highlights

  • Average Household Income of $94,356 Within Five Miles
  • Centrally Located in Dense Residential Area
  • Easy Access to Three Major Roadways (Beltway 8, US 99, Fort Bend Parkway)
  • Continuing Development in Both Residential and Commercial Inside Three Mile Radius
  • Attractive 7.68% CAP Rate with 15.79% Total Return
  • Stabilized Shopping Center With 100% Occupancy

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale Texas Parkway Plaza, located in Missouri City, Texas. Built in 2008, Texas Parkway Plaza is a neighborhood shopping center with 12,509 square feet of leasable area. The property is 100 percent occupied and offers an investor a current CAP rate of 7.68 percent. The property is just under three miles from both Beltway 8 and US 90, two of the Houston Metropolitan Area’s primary freeways, which connect Missouri City to Houston and its neighboring suburbs. The property is only one mile from the Fort Bend Parkway (a toll road connecting Beltway 8 and Highway 6). Texas Parkway Plaza is a neighborhood shopping center surrounded by dense residential neighborhoods in the Missouri City/Sugar Land sub-market. Texas Parkway Plaza features affordable rents for its tenants, averaging approximately $16 per square foot plus triple nets. The subject property’s affordable rent results in tenants who can sustain their businesses at the subject property, as well as ability to easily re-tenant the property with new tenants when needed.

Exclusively Listed By

Financing By

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