- Walk Score
orktown Center, a 22,350 square foot strip center located on Highway 6 in Houston, TX. Yorktown Center offers all NNN leases that provide for a reimbursement of the management fee as well. The primary term of the leases range from five to seven years, with most having seven to ten percent fixed increases during their primary term. The property is offered at an 8.0 percent CAP rate. With today's financing terms, an investor can achieve a 9.50 percent cash on cash return at list price. The project is currently 86 percent leased with a master lease on the remaining vacant space. All tenants face directly onto Highway 6 with an unobstructed view, giving the tenants great street visibility. Yorktown Center provides an investor stabilized income with upside from the fixed rental escalations.
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