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Winter Oaks center

Market Price

14501 Memorial Drive, Houston, TX 77079

Active
Last Updated: 01/19/2025

6.6

Cap Rate

316,850

NOI

Details:
Cap Rate:    6.6%
NOI:    $316,850
Building Size:    10,572 sqft
Lot Area:    29,403 acres
Units:    9
Lease Type:    Triple Net
Class:    B
Occupancy:    100%
Zoning:    NA
Tenancy:    Multiple
Year Built:    1969-2022
Floors:    1
Parking Spots:    38
Year Last Renovated:    2022
Gross Leaseable Area:    10,572
Parking Ratio:    3.891
Roof:    2022
HVAC:    10
Floor:    1
Restrooms:    11
Investment Strategy:    Core
Highlights:
  • Prime Location: Situated in a highly desirable area with high-income demographics, this center benefits from its proximity to major highways and its appeal to family-oriented living. Its strategic location ensures excellent visibility and accessibility, making it a focal point for both local residents and passing traffic.
  • Established Tenants: The center boasts a total of 8 tenants, including well-known brands such as Baskin Robbins, which has a long-standing presence and strong community ties. All leases are structured as NNN (Triple Net) with personal guarantees, ensuring stable and predictable income with minimal landlord responsibilities.
  • Recent Renovations: In 2022, the property underwent significant renovations, enhancing its appeal and functionality. The modern updates ensure the center remains competitive and attractive to both tenants and customers.
  • Walkability and Convenience: The center's design promotes walkability, making it a convenient destination for neighborhood residents. Its layout serves not only the immediate community but also draws in visitors from nearby areas.
  • Signage and Visibility: With two prominent signage locations—one for Baskin Robbins on the pad site and another for the remaining tenants—this property offers exceptional visibility and branding opportunities.
  • Building Features: The center is comprised of two buildings, including a pad site that adds flexibility and additional value. The layout effectively accommodates a variety of retail and service-oriented businesses, catering to diverse customer needs.
Description:

For Sale: Premier Multi-Tenant Retail Center in Prime Memorial Drive Location

We are pleased to present an exceptional opportunity to acquire a well-established multi-tenant retail center in one of Memorial Drive's most sought-after areas. This vibrant retail hub features a diverse lineup of reputable tenants, including the beloved Baskin Robbins and Kumon, and has been a cornerstone of the community for many years.

Property Highlights:



Prime Location: Situated in a highly desirable area with high-income demographics, this center benefits from its proximity to major highways and its appeal to family-oriented living. Its strategic location ensures excellent visibility and accessibility, making it a focal point for both local residents and passing traffic.


Established Tenants: The center boasts a total of 8 tenants, including well-known brands such as Baskin Robbins, which has a long-standing presence and strong community ties. All leases are structured as NNN (Triple Net) with personal guarantees, ensuring stable and predictable income with minimal landlord responsibilities.


Recent Renovations: In 2022, the property underwent significant renovations, enhancing its appeal and functionality. The modern updates ensure the center remains competitive and attractive to both tenants and customers.


Walkability and Convenience: The center's design promotes walkability, making it a convenient destination for neighborhood residents. Its layout serves not only the immediate community but also draws in visitors from nearby areas.


Signage and Visibility: With two prominent signage locations—one for Baskin Robbins on the pad site and another for the remaining tenants—this property offers exceptional visibility and branding opportunities.


Building Features: The center is comprised of two buildings, including a pad site that adds flexibility and additional value. The layout effectively accommodates a variety of retail and service-oriented businesses, catering to diverse customer needs.



This property represents a unique investment opportunity in a high-demand area with long-term stability and growth potential. Whether you are an investor seeking a reliable income stream or a developer looking to capitalize on a prime location, this retail center stands out as a premier choice.

For more information Contact Sepi 832-545-7393

 

 

 

 




 



Prime Location: Situated in a highly desirable area with high-income demographics, this center benefits from its proximity to major highways and its appeal to family-oriented living. Its strategic location ensures excellent visibility and accessibility, making it a focal point for both local residents and passing traffic.


Established Tenants: The center boasts a total of 8 tenants, including well-known brands such as Baskin Robbins, which has a long-standing presence and strong community ties. All leases are structured as NNN (Triple Net) with personal guarantees, ensuring stable and predictable income with minimal landlord responsibilities.


Recent Renovations: In 2022, the property underwent significant renovations, enhancing its appeal and functionality. The modern updates ensure the center remains competitive and attractive to both tenants and customers.


Walkability and Convenience: The center's design promotes walkability, making it a convenient destination for neighborhood residents. Its layout serves not only the immediate community but also draws in visitors from nearby areas.


Signage and Visibility: With two prominent signage locations—one for Baskin Robbins on the pad site and another for the remaining tenants—this property offers exceptional visibility and branding opportunities.


Building Features: The center is comprised of two buildings, including a pad site that adds flexibility and additional value. The layout effectively accommodates a variety of retail and service-oriented businesses, catering to diverse customer ne

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