Winter Oaks | 14501 Memorial Dr
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Winter Oaks 14501 Memorial Dr
10,572 SF 100% Leased Retail Building Houston, TX 77079 For Sale
Investment Highlights
- Multi tenants Property with NNN Leases and renewal options
- This neighborhood affords Houston commuters quality of life, excellent schools, parks and other amenities.
- Tenant Lineup is a Neighborhood Strip Center Dream: Internet-Proof and exceptional , Baskin Robins, Pastal Rug, Hair Salon, Jewelry Store
- Located in Highly sought after Memorial Dr, Spring Branch a Leading Houston dream neighborhood
- Highly Visible and Heavy Foot Traffic along with high traffic Counts
- Wall Paper, Beauty and Makeup Store, Kumon, Clothing Boutique. All tenants serve the daily needs of the dense surrounding residential.
Executive Summary
For Sale: Premier Multi-Tenant Retail Center in Prime Memorial Drive Location
We are pleased to present an exceptional opportunity to acquire a well-established multi-tenant retail center in one of Memorial Drive's most sought-after areas. This vibrant retail hub features a diverse lineup of reputable tenants, including the beloved Baskin Robbins and Kumon, and has been a cornerstone of the community for many years.
Property Highlights:
Prime Location: Situated in a highly desirable area with high-income demographics, this center benefits from its proximity to major highways and its appeal to family-oriented living. Its strategic location ensures excellent visibility and accessibility, making it a focal point for both local residents and passing traffic.
Established Tenants: The center boasts a total of 8 tenants, including well-known brands such as Baskin Robbins, which has a long-standing presence and strong community ties. All leases are structured as NNN (Triple Net) with personal guarantees, ensuring stable and predictable income with minimal landlord responsibilities.
Recent Renovations: In 2022, the property underwent significant renovations, enhancing its appeal and functionality. The modern updates ensure the center remains competitive and attractive to both tenants and customers.
Walkability and Convenience: The center's design promotes walkability, making it a convenient destination for neighborhood residents. Its layout serves not only the immediate community but also draws in visitors from nearby areas.
Signage and Visibility: With two prominent signage locations—one for Baskin Robbins on the pad site and another for the remaining tenants—this property offers exceptional visibility and branding opportunities.
Building Features: The center is comprised of two buildings, including a pad site that adds flexibility and additional value. The layout effectively accommodates a variety of retail and service-oriented businesses, catering to diverse customer needs.
This property represents a unique investment opportunity in a high-demand area with long-term stability and growth potential. Whether you are an investor seeking a reliable income stream or a developer looking to capitalize on a prime location, this retail center stands out as a premier choice.
For more information Please Contact Sepi 832-545-7393
We are pleased to present an exceptional opportunity to acquire a well-established multi-tenant retail center in one of Memorial Drive's most sought-after areas. This vibrant retail hub features a diverse lineup of reputable tenants, including the beloved Baskin Robbins and Kumon, and has been a cornerstone of the community for many years.
Property Highlights:
Prime Location: Situated in a highly desirable area with high-income demographics, this center benefits from its proximity to major highways and its appeal to family-oriented living. Its strategic location ensures excellent visibility and accessibility, making it a focal point for both local residents and passing traffic.
Established Tenants: The center boasts a total of 8 tenants, including well-known brands such as Baskin Robbins, which has a long-standing presence and strong community ties. All leases are structured as NNN (Triple Net) with personal guarantees, ensuring stable and predictable income with minimal landlord responsibilities.
Recent Renovations: In 2022, the property underwent significant renovations, enhancing its appeal and functionality. The modern updates ensure the center remains competitive and attractive to both tenants and customers.
Walkability and Convenience: The center's design promotes walkability, making it a convenient destination for neighborhood residents. Its layout serves not only the immediate community but also draws in visitors from nearby areas.
Signage and Visibility: With two prominent signage locations—one for Baskin Robbins on the pad site and another for the remaining tenants—this property offers exceptional visibility and branding opportunities.
Building Features: The center is comprised of two buildings, including a pad site that adds flexibility and additional value. The layout effectively accommodates a variety of retail and service-oriented businesses, catering to diverse customer needs.
This property represents a unique investment opportunity in a high-demand area with long-term stability and growth potential. Whether you are an investor seeking a reliable income stream or a developer looking to capitalize on a prime location, this retail center stands out as a premier choice.
For more information Please Contact Sepi 832-545-7393
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
10,572 SF
Building Class
C
Year Built/Renovated
1964/2022
NOI
£234,078
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.36
Land Acres
0.68 AC
Zoning
None - N/A
Parking
38 Spaces (3.59 Spaces per 1,000 SF Leased)
Frontage
151 ft on Memorial Dr
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
- Smoke Detector
Walk Score ®
Very Walkable (82)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0402240000058 | Improvements Assessment | £635,577 |
| Land Assessment | £927,959 | Total Assessment | £1,563,535 |
PROPERTY TAXES
Parcel Number
0402240000058
Land Assessment
£927,959
Improvements Assessment
£635,577
Total Assessment
£1,563,535
-
Sepi Akhavi -
Keller Williams Realty, Inc.
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Winter Oaks | 14501 Memorial Dr
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