29711 Kingsland Boulevard

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29711 Kingsland Boulevard

Brookshire, TX 77423
Asking Price
$6.92M
Cap Rate
6.54%
Asset Type
Storefront Retail
Class
Class B

What's Special

100% Occupied Center With Long-Term Upside in Excellent High Growth Location in Katy (Houston MSA) <ul><li>​Long-Term Upside By Raising Below Market Rents<ul><li>​Average Weighted Base Rental Rate of $30.60 Per Square Foot</li><li>​Nearby Retail Centers Off of Texas Heritage Parkway With</li><li>​Rents of $37 to $42 Per Square Foot</li></ul></li><li>​Excellent High Growth Location Off Texas Heritage Parkway<ul><li>​Primary North-South Thoroughfare Off of Interstate 10 to Access Jordan Ranch Master Planned Community (3,000 Planned Homes)</li><li>​Surrounded by Additional Residential Communitie

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NOI
$80,000
Cap Rate
1.16%
DSCR
0.19
Underwater
Cash-on-Cash
-15.94%
Monthly Payment
$34,246.279
Annual Cash Flow
$-330,955.351

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