Strip Center - Hwy. 6
This is a commercial strip center located on Hwy. 6 between US Hwy. 290 and Katy Frwy. There are 4 tenants as follows:
Tenant: Size: Monthly Rent: Term:
Daycare Center 9,250 sq. ft. $9,000 P/M gross 3 Yrs left on base term + 5 year option
Insurance Agency - 1,000 sq. ft. $1,050 P/M gross Month to Month
Carpet & Tile Company - 2,100 sq. ft. $2,480 P/M gross Month to Month
Dry Cleaners Substation - 1,000 sq. ft. $1,200 P/M gross Month to Month
The are 8 new AC units 4 tons each, new roof and new flooring in the daycare facilities.
Listed By: Jeffrey Jones
Acquired prperty in 2005
Retirement & Traveling
Free Cash Flow
13,350 sq. ft. building
44,562 sq. ft. land
NW Intersection of Hwy. 6 & Cairnway Dr.
All the tenants are now under gross leases. 3 of the tenants are month to month with the opportunity to convert the leases to triple net basis.
Price and terms