Documents
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Key facts
| Year Built | 2000 |
| Building Area Net |
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| Land Area Net |
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| Occupancy | 91.0 % |
Property description
Monroe Medical Plaza is a 90% occupied, 74,501 square foot shopping center with a long term tenant mix with an average tenure of 17.5 years.
Investment highlights
- Direct frontage along I-45 with high visibility from 250,000 vehicles per day
- Strategically located between Loop 610 and Beltway 8 connecting the site to the entire Houston Metro
- Located in a densely populated area with over 300,000 residents within a 5 mile radius
- Diverse rent roll of national and regional retailers, 7 of which are essential medical tenants
- Robust debt markets and long term leases yield double digit cash on cash returns
- Long term tenant mix with an average tenure of 17.5 years
- Ninfa's pad site can be parceled off in the future
Similar Properties
View moreThe 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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