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Shopping Strip

Forest West Shopping Center

5377 Antoine Dr, Houston, TX 77091

Listing Price: $10,182,000

Cap Rate
7.05%
Gross SF
115,885
Rentable SF
115,885
Price/Gross SF
$87.86
Lot Size
8.53 acres
Year Built
1974

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 115,885-square foot, grocery-anchored, multi-tenant, neighborhood retail center located in Houston, Texas. Forest West Shopping Center is currently 97 percent occupied, and 45 percent of the gross leasable area has triple-net leases. The tenant base is a complementary mix of service-oriented businesses. The center is anchored by Food Town grocery store, and other tenants include Family Dollar, Subway, Domino's Pizza, Don Jose Mexican Restaurant, Texas Chills, Susan Nails, Forest West Animal Clinic, Galaxy Insurance, Jackson Hewitt Tax Service, IORA-Humana, Houston Barber School, Antoine Hair Salon, Fantastic Hair Salon, Dental Defenders, Roma Discount Liquor, Texas Cellular, Emmason Pediatric and Family Clinic, Washateria Lounge, and Bless Beauty. The center was constructed in 1974 and situated on a large 8.528-acre parcel with ample paved parking.

Investment Highlights

  • 115,885-Square-Foot, Grocery-Anchored Multi-Tenant Retail Center | Comprised of Two Multi-Tenant Buildings
  • 97% Occupied | 45% of the Gross Leasable Area has Triple-Net Leases | Current Average Rents are Below Market | Upside Potential
  • Anchored by Food Town and Family Dollar | Tenant Base is a Complementary Mix of National and Local Businesses
  • Long-Term Tenants | Approximately 60% of the Gross Leasable Area has Lease Terms of 20 or More Years

Exclusively Listed By

Financing By

Shopping Strip

Forest West Shopping Center

Listing Price: $10,182,000

Cap Rate
7.05%
Gross SF
115,885
Rentable SF
115,885
Price/Gross SF
$87.86
Lot Size
8.53 acres
Year Built
1974

Investment Highlights

  • 115,885-Square-Foot, Grocery-Anchored Multi-Tenant Retail Center | Comprised of Two Multi-Tenant Buildings
  • 97% Occupied | 45% of the Gross Leasable Area has Triple-Net Leases | Current Average Rents are Below Market | Upside Potential
  • Anchored by Food Town and Family Dollar | Tenant Base is a Complementary Mix of National and Local Businesses
  • Long-Term Tenants | Approximately 60% of the Gross Leasable Area has Lease Terms of 20 or More Years

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 115,885-square foot, grocery-anchored, multi-tenant, neighborhood retail center located in Houston, Texas. Forest West Shopping Center is currently 97 percent occupied, and 45 percent of the gross leasable area has triple-net leases. The tenant base is a complementary mix of service-oriented businesses. The center is anchored by Food Town grocery store, and other tenants include Family Dollar, Subway, Domino's Pizza, Don Jose Mexican Restaurant, Texas Chills, Susan Nails, Forest West Animal Clinic, Galaxy Insurance, Jackson Hewitt Tax Service, IORA-Humana, Houston Barber School, Antoine Hair Salon, Fantastic Hair Salon, Dental Defenders, Roma Discount Liquor, Texas Cellular, Emmason Pediatric and Family Clinic, Washateria Lounge, and Bless Beauty. The center was constructed in 1974 and situated on a large 8.528-acre parcel with ample paved parking.

Exclusively Listed By

Financing By

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