Airport Boulevard Retail| Houston, TX

9202 Airport Boulevard, Houston, TX 77061

Description

Marcus & Millichap is pleased to present 9202 Airport Blvd, a 2,144 sqft two tenant retail property on 9,043 sqft of land. It was completely renovated in 2015, including a high quality interior build out, resurfaced parking lot, and new signage. The property has three curb cuts and at a lighted intersection, providing easy access to customers from both sides of the road.

It is a two tenant strip center with 1,190 sqft leased to Daily Donuts and a 954 sqft vacancy that the seller is willing to do a $24/sqft gross master lease on for up to 6 months after the sale.

Airport Boulevard Retail

Retail Property

Price: $

Gross Leasable Area: 2,144 SF

Price/SF: $

Property Type: Retail

Property Sub-type: Strip Center

Property Use Type: Net Lease Investment with 5 years left on lease

Cap Rate: 7.60%

Tenancy: Multiple

Lot Size: 9,043 SF

APN / Parcel ID: 0342030030163

Net Operating Income:$45,524

Additional Information

The property has great location, one block from Interstate 45 and on the main thoroughfare to Hobby Airport. The airport traffic is expected to dramatically increase due to international flights now being offered.