Shops at Grand Mission

This fully leased strip center features a “dream lineup” of established, internet-proof tenants and is located in the booming Houston suburb of Richmond. The highly visible hard corner location is surrounded by dense housing. NNN leases allow for full passthrough of all expenses, including management fee.

Price:

$5,540,000

Cap Rate:

6.35%

NOI:

$351,805

Category:

Strip Center

Location:

Richmond, TX (Houston MSA)

Building Size (SF):

12,823

Lot Size (Acres)

1.48

Built:

2015

Contact Agent:

Dave Lucas

(925) 744-5217

dave@monarchcommercial.com
Contact Agent:

Highlight
There are 109,000 people with average household incomes $121K within a 3 mile radius. Traffic at the intersection exceeds 22K VPD.

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