Shopping Strip

Northwood Village

8100-8140 Antoine Drive, Houston, TX 77088

Listing Price: $2,928,000

Cap Rate
7.04%
Gross SF
31,245
Rentable SF
31,245
Price/Gross SF
$93.71
Lot Size
2.50 acres
Year Built
1981

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 31,245-square foot, multi-tenant retail center located in a Houston, Texas. Northwood Village is currently 71 percent occupied, providing upside potential in leasing the vacant space. All current leases are triple-net, and the tenant base is a complementary mix of service-oriented businesses. Tenants include America's Choice Childcare, Twin's Beauty Supply, Stop N Joy Convenience Store, New China Garden Restaurant, New Life in Christ Ministries, Pipe City, Game Room, The Barber Lounge, New Birth Evangelical Church, and T & M Braiding. Constructed in 1981, the building is situated on a 2.5-acre lot with ample concrete parking. Northwood Village located at the signalized, hard corner intersection of Antoine Drive and Bridge Forest Drive. Traffic counts exceed 18,800 vehicles per day in front of the property. The subject property is located near many national and regional retailers Dollar General, DD's Discount, Metro by T-Mobile, U-Haul, The UPS Store, Family Dollar, Walgreens, Church's Chicken, Pizza Hut, and more. The property is in close proximity to multiple schools providing additional traffic to the area. The surrounding area is densely populated with 20,216 residents within one-mile of the property, 132,056 residents within three-miles, and 318,249 residents within five miles.

Investment Highlights

  • 31,245-Square Foot, Value-Add, Multi-Tenant Retail Center
  • 71% Occupied | All Leases are Triple-Net
  • Tremendous Upside Potential in Leasing Vacant Space | Pro Forma Cap Rate is 11.63%
  • Signalized, Hard Corner of Antoine Drive and Bridge Forest Drive
  • Constructed in 1981 and Situated on a 2.5-Acre Lot with Concrete Parking | Recent Property Improvements Include Entire Roof Replacement in 2016 and Parking Lot Striping in 2016

Exclusively Listed By

Listing Price: $2,928,000

Cap Rate
7.04%
Gross SF
31,245
Rentable SF
31,245
Price/Gross SF
$93.71
Lot Size
2.50 acres
Year Built
1981

Investment Highlights

  • 31,245-Square Foot, Value-Add, Multi-Tenant Retail Center
  • 71% Occupied | All Leases are Triple-Net
  • Tremendous Upside Potential in Leasing Vacant Space | Pro Forma Cap Rate is 11.63%
  • Signalized, Hard Corner of Antoine Drive and Bridge Forest Drive
  • Constructed in 1981 and Situated on a 2.5-Acre Lot with Concrete Parking | Recent Property Improvements Include Entire Roof Replacement in 2016 and Parking Lot Striping in 2016

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 31,245-square foot, multi-tenant retail center located in a Houston, Texas. Northwood Village is currently 71 percent occupied, providing upside potential in leasing the vacant space. All current leases are triple-net, and the tenant base is a complementary mix of service-oriented businesses. Tenants include America's Choice Childcare, Twin's Beauty Supply, Stop N Joy Convenience Store, New China Garden Restaurant, New Life in Christ Ministries, Pipe City, Game Room, The Barber Lounge, New Birth Evangelical Church, and T & M Braiding. Constructed in 1981, the building is situated on a 2.5-acre lot with ample concrete parking. Northwood Village located at the signalized, hard corner intersection of Antoine Drive and Bridge Forest Drive. Traffic counts exceed 18,800 vehicles per day in front of the property. The subject property is located near many national and regional retailers Dollar General, DD's Discount, Metro by T-Mobile, U-Haul, The UPS Store, Family Dollar, Walgreens, Church's Chicken, Pizza Hut, and more. The property is in close proximity to multiple schools providing additional traffic to the area. The surrounding area is densely populated with 20,216 residents within one-mile of the property, 132,056 residents within three-miles, and 318,249 residents within five miles.

Exclusively Listed By

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