2310 Highway 6

2310 Highway 6 South, Houston, TX

Market Price

Price

6%

Cap Rate

$250,740

NOI

Overview
Cap Rate
6%
NOI
$250,740
Building Size
8,691 sqft
Lot Area
1.607 acres
Occupancy
100%
Year Built
1997
Floors
1
Description

LE Commercial is pleased to present the exclusive sale of a free-standing restaurant building that is located on Highway 6 that boast over 67,000 vehicles per day. The property consists of 7,735 square feet of building space and is situated on 1.61 acres of land.

2310 Highway 6 is a pad site to The Village at West Oaks, a 264,301 square foot shopping center that serves all of Southwest Houston. The shopping center contains major retailers such as Academy Sports & Outdoors, Bed Bath & Beyond, Bank Of America, Five Below, Ross Dress for Less, Best Buy.

The property is also shadow anchored by West Oaks Mall located directly across Westheimer Road. West Oaks Mall was recently acquired by local developers, Mehta Investments. The developers are redeveloping the property into a new-shopping experience known as The Outlet at West Oaks, which will see brand-name clothing and goods at discounted prices. Major retailers include Dillard's, Regal Cinema, Palais Royal, and many more. This allows the subject property to potentially gain an increase in rental rate.

The property has approximately 117,528 people residing within a three-mile radius and 332,088 people within a five-mile radius.


Location