Crescent Park OM

  • Properties can be acquired individually or as a portfolio. Crescent Park Neighborhood Center is priced at a 6.75% cap rate or $3,463,822. Family Dollar is priced at a 6.00% cap rate or $1,701,000.
  • Both Crescent Park and Family Dollar are priced below replacement cost.
  • Hard corner location at the intersection of Eldridge Parkway and Beechnut Street in Houston, Texas.
  • Strong mix of high credit tenants with some tenants exceeding 10-15 years in their unit.
  • Property is split by McDonald’s with shared access that drives around-the-clock traffic to center.
  • Extremely strong demographics with a population of 442,474 residents in a 5-mile radius and a median income of $82,090 within 20 miles.
Location:
13548 BEECHNUT STREET & 13516 BEECHNUT STREET
City:
Houston
Broker:
Thomas Turner | 281.640.7680 | tturner@newquest.com
David Luther | 281.477.4373 | dluther@newquest.com
Marc Peeler | 281.477.4307 | mpeeler@newquest.com