8721 Stella Link Road
Houston, TX
Multi-Tenant Retail | FOR SALE
Summary
- NOI $116,533
- Sales Price $1,500,000
- Cap Rate 7.77%
Investment Overview
OLDHAM GOODWIN is pleased to present 8721 Stella Link, a 5,924 SF retail strip center in Southwest Houston for consideration. The property is conveniently located in the Braeswood neighborhood inside of Loop 610 surrounded by dense and affluent households. Currently 79% physically occupied with a diverse tenant mix along with a conservative master lease, the property presents an attractive going-in cap rate with value-add opportunity for an investor or in-place income for a partial owner/occupant.
Property Highlights
- — 79% occupied in a submarket with 95.5% occupancy (CoStar)
- — Second generation space with a 12-month master lease
- — Located less than a mile from Loop 610 and 0.1 miles from South Braeswood Boulevard allows convenient access for employees and customers
- — Affluent demographics: average household income of $139,857 within one mile and $126,495 within 3 miles and surrounded by the prestigious communities of Meyerland, Bellaire, Southside Place, West University Place, Braeswood Place.
- — Median home value of $549,284 within 1 mile and $620,617 within 3 miles
- — Traffic counts of 19,473 VPD on Stella Link Road near North Braeswood
- — Close proximity to Loop 610 and NRG Stadium, Rice University, the Texas Medical Center which is the world’s largest medical complex.
