Floor & Décor Leases 91,110 SF Space In Newly Remodeled Webster Shopping Center
20740 Gulf Fwy, Webster, TX 77598, USA
Building Size
91,110 SF
Asset Type
Retail
Closing
Jul 14, 2020
AI
A shopping center located at 20740 Gulf Freeway in Webster has recently undergone remodeling. The property spans 91,110 square feet and is leased by Floor & Décor, represented by Thomas Taylor. The landlord, Clear Lake Center L.P., is represented by Doug Freedman from United Equities, while the tenant is represented by Joan Collum from Collum Commercial.
Summary of transaction details
- Property Type: Shopping Center
- Transaction Amount: Not mentioned
- Address: 20740 Gulf Freeway
- Market: Webster
- Tenant: Floor & Décor - Thomas Taylor
- Landlord: Clear Lake Center L.P.
- Landlord's Rep: Doug Freedman - United Equities
- Tenant's Rep: Joan Collum - Collum Commercial
- Square Footage: 91,110
The property, conveniently located at 20740 Gulf Freeway in Webster, has witnessed a recent makeover. It now hosts Floor & Décor, a leading tenant in the market, represented by Thomas Taylor. The landlord, Clear Lake Center L.P., has enlisted the services of Doug Freedman from United Equities as their representative. Joan Collum, from Collum Commercial, represents the tenant, providing guidance throughout the deal.
Players
Webster Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93