Sagemont Plaza | Houston, TX

11504 Hughes Road, Houston, TX, 77089, USA

Sands Investment Group is Pleased to Exclusively Offer For Sale the 26,806 SF Sagemont Plaza Shopping Center Asset Located at 11504 Hughes Road in Houston, TX. This Deal Includes a True Value-Add Opportunity – 78% Occupied With Current Rents 55% Below Market (Sagemont Rents are $10/SF, Submarket Rents are $22/SF).

  • True Value-Add Opportunity – 78% Occupied With Current Rents 55% Below Market (Sagemont Rents are $10/SF, Submarket Rents are $22/SF)
  • Nearby Retailers Include: Kroger, Petco, Home Depot, and AMC Theater
  • Great Traffic, Visibility and Access Along Beltway 8 (89,602 VPD) and Hughes Road (16,330 VPD)
  • Strong Demographics – 107,227 Population With Average Household Income of $95,586 Within a 3-Mile of the Site – Well Above the National Average
  • Priced Well Below Replacement Cost at $97/SF and Below HCAD Appraised Value

In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481

Price

$2,600,000

Cap Rate

6.12%

PREMISES

26,806 SF

Lease Expiration

Varies

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