6306 Fairbanks North Houston Road

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6306 Fairbanks North Houston Road

Houston, TX 77040
Asking Price
$3.80M
Cap Rate
6.5%
Asset Type
Shopping Center Retail
Class
Class B

What's Special

6 NNN Units w/ 2 Multi-Unit Operators | 196K+ VPD U.S. Hwy-290 | Supported by 107K Residents <ul><li>​<span style="color: rgba(25, 25, 25, 1)">100% leased by 6 tenants with NNN leases</span></li><li>​<span style="color: rgba(25, 25, 25, 1)">Located on Home Depot outparcel/adjacent to McDonald’s</span></li><li>​<span style="color: rgba(25, 25, 25, 1)">Anchored by Brazos Urgent Care & Tru Fuego 290 (multi-unit operators)</span></li><li>​<span style="color: rgba(25, 25, 25, 1)">Four of the six tenants have been at the center for 7+ Years</span></li><li>​<span style="color: rgba(25, 25, 25,

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NOI
$80,000
Cap Rate
2.10%
DSCR
0.35
Underwater
Cash-on-Cash
-12.77%
Monthly Payment
$18,805.274
Annual Cash Flow
$-145,663.289

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