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West Tidwell Plaza 7306 W Tidwell Rd

21,608 SF 60% Leased Retail Building Houston, TX 77040 £3,341,184 (£155/SF) 7.60% Net Initial Yield

Investment Highlights

  • GREAT VALUE ADD INVESTMENT OPPORTUNITY!!
  • 3 stores vacant, 2 of them are first generation and 1 of them fully built out as medical office.
  • Contact the listing agent for rent roll and for a showing appointment.
  • Retail building of +/- 22,003 sf with a total of 8 stores including 3 vacancies that counts for a 40% of the space. All leases are gross.
  • Land has room to potentially build a drive-thru store.

Executive Summary

Great value add investment opportunity. Retail shopping center of +/- 22,033 sf of total retail space with 3 vacancies, 2 of them first generation and one of them fully built out for medical office. Total space vacant is +/- 8,718 sf equal to almost 40% vacant. All leases are gross and can be turned into NNN with the renewal options. Land has room for potentially build a drive-thru store.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
21,608 SF
Building Class
B
Year Built
2005
Price
£3,341,184
Price Per SF
£155
Net Initial Yield
7.60%
NOI
£253,930
Percent Leased
60%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.27
Lot Size
1.87 AC
Zoning
Commercial
Parking
61 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
382 ft on Langfield Rd

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 6,000 SF
  • Retail
  • -
  • 30 Days
  • 1st Floor
  • 3,500 SF
  • Retail
  • -
  • 30 Days
Space Size Space Use Position Available
1st Floor 6,000 SF Retail - 30 Days
1st Floor 3,500 SF Retail - 30 Days

1st Floor

Size
6,000 SF
Space Use
Retail
Position
-
Available
30 Days

1st Floor

Size
3,500 SF
Space Use
Retail
Position
-
Available
30 Days

1st Floor

Size 6,000 SF
Space Use Retail
Position -
Available 30 Days

Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Planet Fitness
Amegy Bank of Texas
LA Fitness
Hartz Chicken Buffet
Curves
Pappas Bar-B-Q
Chili's Grill & Bar
Pappasito's Cantina
Golden Corral
Pappadeaux Seafood Kitchen

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1076460000008
Land Assessment
£1,279,709
Improvements Assessment
£1,596,825
Total Assessment
£2,876,534
  • Listing ID: 34145230

  • Date on Market: 10/12/2024

  • Last Updated:

  • Address: 7306 W Tidwell Rd, Houston, TX 77040

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