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3320 S Hwy 6
Houston, TX 77082

Retail Property For Sale

Investment Highlights

  • Over 500 Feet of Frontage on HWY 6
  • Shadow Center to a High Performing Walmart Super Center
  • This Submarket of Houston is Expected to Grow by 7% in the Next 3- 4 Years
  • Strong Mix of National, Regional, and Local Tenants
  • 143,815 Total Population in the 3 Mile Radius

Executive Summary

Marcus and Millichap is pleased to present the opportunity to acquire a property poised to benefit a new investor for years to come. The subject site is strategically positioned along the prestigious HWY 6, boasting an impressive 500+ feet of prime frontage. This distinguished asset features a blend of national, regional, and local tenants, ensuring a dynamic and resilient income stream. As a shadow center to a high-performing Walmart Supercenter, the property enjoys unparalleled prominence, benefitting from the gravitational pull of this retail titan and the unwavering loyalty of its vast customer base.
Immersed within a thriving community, the property beckons with the promise of unparalleled opportunity, catering to the needs of a robust population of 143,815 within a 3-mile radius. Moreover, with the submarket projected to grow by 7% in the next 3-4 years, investors stand poised to reap the rewards of sustained growth and escalating demand. Adding to its allure, Texas beckons with its tax-free allure, providing investors a strategic advantage with this investment opportunity. This is more than a property; it is an investment poised to redefine the landscape of your portfolio. Seize the opportunity to make your mark in Houston's dynamic commercial landscape. Embrace the promise of unparalleled value and potential nestled within this esteemed Walmart Shadow Center.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
25,415 SF
Building Class
B
Year Built
1990
Price
£7,854,700
Price Per SF
£309
Net Initial Yield
6.70%
NOI
£526,438
Percent Leased
86%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.23
Lot Size
2.53 AC
Zoning
F1 - Real Commercial
Parking
30 Spaces (1.18 Spaces per 1,000 SF Leased)
Frontage
677 ft on Tx-6 Hwy

Amenities

  • Pylon Sign

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1247940010001
Land Assessment
£1,324,952
Improvements Assessment
£2,818,468
Total Assessment
£4,143,420
  • Listing ID: 31479862

  • Date on Market: 11/04/2024

  • Last Updated:

  • Address: 3320 S Hwy 6, Houston, TX 77082

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