Burlington Coat Factory Leases 20,350 Square Feet At Shops At Stone Park In Houston
Building Size
20,350 SF
Asset Type
Retail
Closing
Feb 24, 2025
AI
The retail asset involved in this transaction is a 20,350-square-foot space located at Beltway 8 & Wallisville Road in the Houston market. The property is now occupied by Burlington Coat Factory, which has taken over the space previously held by Staples.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: Beltway 8 & Wallisville Road
- Market: Houston
- Landlord: Ley-Lane Partnership No. 9 LP
- Tenant: Burlington Coat Factory
- Landlord's Representative: Nina Irwin - NewQuest Properties
- Tenant's Representative: Greg Stackhouse - New Regional Planning
Nina Irwin represented the landlord, Ley-Lane Partnership No. 9 LP, while Greg Stackhouse represented Burlington Coat Factory in securing the lease at the Shops at Stone Park in East Houston.
Players
Market 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