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
13548 BEECHNUT STREET & 13516 BEECHNUT STREET