Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2000
Building Area Net
Land Area Net ()
Occupancy 91.0 %

Asset Description

Monroe Medical Plaza is a 90% occupied, 74,501 square foot shopping center with a long term tenant mix with an average tenure of 17.5 years.

Investment Highlights

  • Direct frontage along I-45 with high visibility from 250,000 vehicles per day
  • Strategically located between Loop 610 and Beltway 8 connecting the site to the entire Houston Metro
  • Located in a densely populated area with over 300,000 residents within a 5 mile radius
  • Diverse rent roll of national and regional retailers, 7 of which are essential medical tenants
  • Robust debt markets and long term leases yield double digit cash on cash returns
  • Long term tenant mix with an average tenure of 17.5 years
  • Ninfa's pad site can be parceled off in the future
Last Updated Date: 10 Feb 2022

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Last Updated Date: 10 Feb 2022

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