AVAILABLE FOR SALE
BLALOCK SHOPPING CENTER - HOUSTON, TEXAS

Sales Price: $10,148,000
Pro Forma NOI: $735,721
Actual NOI: $744,805
Cap Rate: 7.25%

  • Grocery-anchored neighborhood center located on the southeast corner of Blalock and Westview
  • Strong retail intersection one-half mile north of I-10 and 10 miles west of downtown Houston
  • Dense residential concentrations with over 148,000 people in the 3-mile radius and a growth projection of 7.26% in the next five years
  • Average household income over $90,000 in the three-mile radius
  • Super H-Mart rent increases every three years through June 2017 with four 5-year renewal options remaining
  • Assumable Financing: 5.69%; $6,577,007 loan balance as of January 1, 2011; June 2017 maturity date

     



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George Cushing
713.425.5849
Click to email george.cushing@am.jll.com   Click to download vCard

Wendy Vandeventer
713.425.5845
Click to email wendy.vandeventer@am.jll.com   Click to download vCard

 
Jones Lang LaSalle• 200 East Randolph Drive• Chicago, Illinois 60601• Tel: +1 312 782 5800• Fax: +1 312 782 4339 • www.joneslanglasalle.com
The information contained herein was obtained from sources believed reliable; however, Jones Lang LaSalle Company makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. All persons and firms named in this Offering are licensed brokers or salespersons.