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Plaza at Bellaire 5901 Bellaire Blvd

15,836 SF 92% Leased Retail Building Houston, TX 77081 For Sale 6% Net Initial Yield

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Investment Highlights

Hard Corner Traffic Lighted Intersection. 45,000+ cars per day
Long term tenants in place

Anchored by Cici's Pizza with recession resistant tenant mix

Executive Summary

Plaza at Bellaire is a 15,836 sf retail center built in 2006 on 1.35 acres. Located on a hard corner at the signalized intersection of Bellaire & Renwick. The plaza is occupied by a diversified and recession resistant tenant roster including: Cici's Pizza, Chase Bank ATM, Teriyaki Kitchen, among others. Long term medical tenants include: eye clinic, medical clinic, and dentist. Recent lease extensions exercised by long term tenants, and 2 new tenants recently added. Currently 1 vacancy available for lease.

Property Facts

Sale Type

Investment NNN

Sale Condition

1031 Exchange

Property Type

Retail

Property Subtype

Storefront

Building Size

15,836 SF

Building Class

Year Built

2006

Net Initial Yield

Percent Leased

92%

Tenancy

Multiple

Number of Floors

Building FAR

0.27

Land Acres

1.35 AC

Opportunity Zone

Yes

Zoning

None

Parking

81 Spaces (5.11 Spaces per 1,000 SF Leased)

Frontage

225 ft on Bellaire Blvd.

Amenities

Pylon Sign

Signage

Space Availability

1st Floor
1,316 SF
Retail
In-Line
Now

Approximately 1,316 sf retail space. Former cell phone store with retail show room, 2 back offices, and restroom. Ideal for retail or retail office: tax services, insurance, etc. Existing tenants include: Cici's Pizza, Medical Clinic, Eye Clinic, Dentist, and Hair Salon.