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5455 Allendale Rd
Houston, TX 77017 Meadowbrook-Allendale

$2,750,000 USD

Freestanding For Sale  •  19,175 SF

Property Details

• Property Type Freestanding
• Total Building Size 19,175 SF
• Lot Size 1.65 AC
• Building Class B
• Year Built 2005
• Cap Rate 6.18 %
• Tenancy Multiple

30 Transit Score

50 Walk Score

Highlights

100% Occupied | Rents 20–35% Below Market with Near-Term Rollover – Allendale Plaza is fully occupied across seven tenants

335,000+ Residents Within 5 Miles | Growing Southeast Houston Trade Area – Situated in the heart of Meadowbrook-Allendale

4 Miles from William P. Hobby Airport | Major Southwest Airlines Hub – The center benefits from additional consumer demand generated by airport

Needs-Based Tenant Mix – Recession and Internet Resistant Seven tenants across medical, food service, wellness, and neighborhood convenience

Cap Rate:

6.18 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Latino Med
ProMeals		8/31/2022
Washateria		2/1/2020

Amenities

• 24 Hour Access
• Pylon Sign

Public Transportation

Airport	Drive	Walk	Distance
William P Hobby	17 min	-	6.7 mi
George Bush Intcntl/Houston	39 min	-	27.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	100
Type:	Surface
Included in Rent:	Yes