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5455 Allendale Rd
Houston, TX 77017
Asking Price
$2.75M
Asset Type
Shopping Center Retail
Class
Class B
What's Special
Retail | 19,130 SqFt <ul><li>100% Occupied | Rents 20-35% Below Market with Near-Term Rollover - Allendale Plaza is fully occupied across seven tenants generating $224,508 in annual base rent at an average of $11.74 PSF, against market rents of $14-$18 PSF for comparable neighborhood retail in Southeast Houston. Five leases roll between 2026 and 2028, giving the next owner immediate leverage to reset rents and grow NOI.</li><li>335,000+ Residents Within 5 Miles | Growing Southeast Houston Trade Area - Situated in
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NOI
$80,000
Cap Rate
2.91%
DSCR
0.49
Underwater
Cash-on-Cash
-10.09%
Monthly Payment
$13,605.5
Annual Cash Flow
$-83,265.995
