Crescent Park OM

  • This is a portfolio sale totaling $5,164,822 and is comprised of a Family Dollar priced at a 6.00% cap rate or $1,701,000 and the Crescent Park neighborhood center priced at a 6.75% cap rate or $3,463,822
  • 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, TX
  • Strong Mix of local and national tenants including Family Dollar, Church’s Chicken and Hungry Howie’s
  • Property is split by McDonald’s with shared access that drives around-the-clock traffic to the center
  • Extremely strong demographics with population exceeding 442,474 residents in a 5-mile radius and a median income of $82,090
  • 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