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20740 Gulf Fwy, Webster, TX...

Floor & Décor Leases 91,110 SF Space In Newly Remodeled Webster Shopping Center
LEASEDRetail

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

Joan Collum

Broker

3 deals

Broker
FD
Floor & DécorTenant

Webster Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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