Retail

2421 Tangley

Houston, Texas United States
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Key Facts

Year Built 1940
Building Area
Land Area

Property Description

2421 Tangley is an 88% occupied, 5,200 SF boutique asset situated on 0.28 acres in one of Houston's premier walkable shopping districts five minutes from the Texas Medical center and blocks from the Rice University Campus.

Investment Highlights

SURROUNDED BY TOP RETAIL IN ONE OF HOUSTON'S PREMIER WALKABLE SHOPPING DISTRICTS

Popular specialty retailers include Warby Parker, Sunglass Hut, Blue Mercury, Sephora, MAC Cosmetics, and Athleta. 


Prominent dining options include Mendocino Farms, Sweetgreen, Sixty Vines, Local Foods, and Shake Shack.


UNIQUE RETAIL CENTER WITH HIGH DOLLAR NET RENTS

Existing tenants have an average in place rent of $45.32 PSF.


​​​DIVERSE TENANT MIX

Tenant industries include legal, real estate and consumer products.


CENTRAL LOCATION

Five minutes from Texas Medical Center, the largest medical center in the world, and just blocks from the Rice University campus, and can be easily accessed on foot, by bicycle, or by car.


Residents in the surrounding neighborhoods can also access the Property within minutes with or without driving.


EMBEDDED IN THE HEART OF A HIGHLY EDUCATED AND AFFLUENT RESIDENTIAL AREA

Over 80% of the population has a college degree or higher, the median home value is $950K and the average household income is $205,000 within a one-mile radius of the property.

Last Updated Date: 07 Sep 2020
George Cushing
George Cushing
Managing Director, Capital Markets
License details
TX-237132
Wendy Vandeventer
Wendy Vandeventer
Senior Director, Capital Markets

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Last Updated Date: 07 Sep 2020

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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