Presidential Plaza

Price: $5,833,000
Sq. Ft.: 30,835
Cap Rate: 6.75%
Built: 2003

Presidential Plaza is a 30,835-square-foot, multi-tenant retail center in Houston, Texas. The subject property is currently 70 percent occupied, providing significant upside potential in leasing the remaining vacancies. All current leases are triple-net, and many leases have scheduled rent escalations on their remaining terms. Tenants are a complementary mix of internet-resistant and service-oriented businesses, including Guanatos Grub, Casa de Montecristo Cigar Lounge, JFK Liquors, Subway, Kung Food Chinese Restaurant, Domino’s Pizza, The Urban Flower Company, Al Wadi Mediterranean Restaurant, Maza Grill, Hoot County Saloon, and Gumbo Jeaux’s. The building was constructed in 2003 and is situated on 2.17 acres with ample paved parking.  A large double-sided monument sign provides additional exposure to the center.

Presidential Plaza is located on John F. Kennedy Boulevard, near the intersection with Greens Road and close access to Beltway 8/Sam Houston Tollway, which forms part of an 88-mile beltway around Houston, Texas. Traffic counts in front of the property on John F. Kennedy Boulevard are approximately 43,346 vehicles per day. The subject property is also in close proximity to multiple hotels and warehouse businesses. The surrounding area is densely populated with more than 171,700 residents within five miles and 881,005 within 10 miles.

  • 30,835-Square-Foot, Value Add Multi-Tenant Retail Center
  • 70% Occupied | Triple-Net Leases | Pro Forma Cap Rate is 11.52%
  • Approximately 58% of the GLA have Leased with Schedule Rent Escalations, Providing Year-Over-Year Income Growth
  • Tenant Base is a Complementary Mix of Internet-Resistant and Service-Oriented Businesses | Majority of the Leases are Personally Guaranteed
  • Priced at $189 Per Square Foot | Below Replacement Cost
  • Located on John F. Kennedy Boulevard Near Beltway 8/Sam Houston Tollway | Traffic Counts on John F. Kennedy Boulevard are Approximately 43,346 Vehicles Per Day | Beltway 8/Sam Houston Tollway has Extremely High Traffic Counts of 152,339 Vehicles Per Day
  • Well Positioned to Serve a Community of More Than 171,700 Residents Within a Five-Mile Radius and a Large Daytime Workforce of 80,700+ Within Five Miles
  • Close Proximity to Major Employers Including Halliburton North Belt Campus and GE Oil & Gas
  • Directly South of George Bush Intercontinental Airport | Airport Serves Approximately 41 Million Passengers Annually Across 28 Passenger Airlines | Ranked as the Best U.S. Airport and Second-Best in North America at World Airport Awards in 2020
  • 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