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8910 Jones Road

National Syndicator Acquires Dark Walgreens Retail Asset At 8910 Jones Road In Houston
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National Syndicator Acquires Dark Walgreens Retail Asset At 8910 Jones Road In Houston

8910 Jones Road

Building Size

13,500 SF

Asset Type

Retail

Closing

Aug 28, 2025

AI

The property asset involved in this transaction is a retail space located at 8910 Jones Road in Houston, Texas. This asset has a total square footage of 13,500 and was previously occupied by Walgreens.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 8910 Jones Road
  • Market: Houston
  • Asset Size: 13,500 SF
  • Seller's Representative: Jesus Melo, Preston Schwartz & Chad Kurz - Matthews Real Estate Investment Services

The transaction was arranged by Matthews Real Estate Investment Services. The buyer is identified as a national syndicator, which will include this asset in their retail portfolio that is expanding across Texas.

Players

Chad Kurz

Matthews

Broker

$80.8M

vol

11 deals

Broker
Matthews
Matthews Brokerage

Houston Retail Market Snapshot

Boundary boundary · Retail · Sale 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