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Shopping Strip

8707 MLK

8707 Martin Luther King Junior Blvd, Houston, TX 77033

Listing Price: $1,827,000

Cap Rate
7.89%
Gross SF
9,500
Rentable SF
9,500
Price/Gross SF
$192.32
Lot Size
0.92 acres
Year Built
1965

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale 8707 MLK Shopping Center located at 8707 Martin Luther King, Jr. Boulevard in Houston, Texas. This 9,500-square-foot retail center is located on approximately 0.92 acres fronting Martin Luther King, Jr. Boulevard.

The subject property is 100 percent occupied, accommodating six tenants. All tenant leases are triple-net, protecting an investor from possible increases in future expenses. Additionally, tenants are signed to long-term leases. 8707 MLK Shopping Center is offered at a price of $1,827,000, which represents a 7.89 percent cap rate.

Investment Highlights

  • Frontage Location With Multiple Access Points
  • Straight In-Line Retail Center
  • 100 Percent Occupied
  • NNN Tenants: 100 Percent Reimbursable Expenses
  • 7.89 Percent Day One Cap Rate
  • Dense Residential Area

Exclusively Listed By

Financing By

Listing Price: $1,827,000

Cap Rate
7.89%
Gross SF
9,500
Rentable SF
9,500
Price/Gross SF
$192.32
Lot Size
0.92 acres
Year Built
1965

Investment Highlights

  • Frontage Location With Multiple Access Points
  • Straight In-Line Retail Center
  • 100 Percent Occupied
  • NNN Tenants: 100 Percent Reimbursable Expenses
  • 7.89 Percent Day One Cap Rate
  • Dense Residential Area

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale 8707 MLK Shopping Center located at 8707 Martin Luther King, Jr. Boulevard in Houston, Texas. This 9,500-square-foot retail center is located on approximately 0.92 acres fronting Martin Luther King, Jr. Boulevard. The subject property is 100 percent occupied, accommodating six tenants. All tenant leases are triple-net, protecting an investor from possible increases in future expenses. Additionally, tenants are signed to long-term leases. 8707 MLK Shopping Center is offered at a price of $1,827,000, which represents a 7.89 percent cap rate.

Exclusively Listed By

Financing By

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