Pinnacle Plaza At Antoine

Price: $4,980,500
Sq. Ft.: 31,245
Cap Rate: 8.24%
Built: 1981
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Marcus & Millichap is pleased to present the opportunity to acquire a 31,245-square-foot, multi-tenant neighborhood retail center in Houston, Texas. Pinnacle Plaza at Antoine is currently 96 percent occupied, providing significant upside potential in leasing the remaining vacancies. All current leases are triple-net. The tenant base is a complementary mix of retail and service-oriented businesses including Stop N Joy Convenience Store, Chyllout Lounge, Gods Family Deliverance Church, Otro Nivel Barber Shop, Game Room, Centrum Health, Mia Bella Hair Salon, America’s Choice Childcare, Avant Pharmacy, New Birth Church, New China Garden, Twins Beauty, Flower Shop, and Pipe City Smoke. The center was constructed in 1981 and is situated on 2.5 acres with ample paved parking. A large double-sided monument sign provides additional exposure to the center.

Pinnacle Plaza at Antoine is located at the signalized, hard corner intersection of Antoine Drive and Bridge Forest Drive and has multiple ingress and egress points. Traffic counts exceed 22,130 vehicles per day in front of the property. The subject property is near many national and regional retailers including Dollar General, dd’s Discounts, Metro by T-Mobile, Boost Mobile, Pizza Hut, Title Max Title Loans, Walgreens, Family Dollar, and more. The surrounding area has desirable demographics, serving a dense residential area with 128,028 residents within three miles and 306,523 residents within a five miles of the property.

  • 31,245-Square-Foot, Multi-Tenant, Neighborhood Retail Center
  • 96% Occupied | Triple-Net Leases
  • Average Rents are 15% Below Market | 24% of the Gross Leasable Area has Expiring Leases in the Next 18 Months |  Significant Upside Potential
  • Tenant Base is a Complementary Mix of Retail and Service-Oriented Businesses
  •  Landlord Reports Recent Property Improvements Include Parking Lot Restriping
  • Priced at $159 Per Square Foot | Below Replacement Cost
  • Signalized, Hard Corner Location at the Intersection of Antoine Drive and Bridge Forest Drive | Traffic Counts In Front of the Property Exceed 22,130 Vehicles per Day
  • Property is Easily Accessible from Multiple Ingress and Egress Points | Features a Large Double-Sided Monument Sign
  • Close Proximity to Numerous National and Regional Retailers and Multiple School Campuses, Providing Additional Traffic to the Area
  • Well Positioned to Serve a Heavily Populated Residential Community of More Than 306,523 Residents Within a Five-Mile Radius | Average Household Income is $67,843
  • Located Approximately 13 Miles Northwest of Downtown Houston
  • Houston is the Most Populous City in Texas and the Fifth Most Populous City in the United States | One of the Largest International Trading Hubs in the Americas