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.
13548 BEECHNUT STREET & 13516 BEECHNUT STREET