Historical Retail Sale Listing - Lakewood Forest Shopping Center - Houston, Texas

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Lakewood Forest Shopping Center - Houston, Texas

21127 State Hwy. 249 @ Louetta, Tomball, TX 77375

N/A

95,222 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
95,222 SF
Property Type:
Retail
Property Sub-type:
Neighborhood Center
Property Use Type:
Investment
Cap Rate:
10.44%
Occupancy:
100%
Tenancy:
Multiple
Year Built:
1984
Lot Size:
9.67 AC
Listing ID
13446128
Last Updated
over 1 year ago

Highlights

  • Grocery/Drug anchored center
  • Excellent small tenant lease space demand and occupancy
  • Superior building materials, aesthetics and maintenance
  • Major residential and commercial growth corridor with upper income consumer base
  • Excellent visibility and access
  • Recent capital improvements
  • Upside through increasing rents

Description

Lakewood Forest Center is located in a major growth corridor with an upper income consumer base. The center is 100% leased, anchored by HEB Pantry Foods (30,658 sf), Eckerd Drugs (10,356 sf - vacant paying rent) and 75% Off Books (10,168 sf). The center has a favorable orientation to Hwy. 249 and Louetta Rd. with all lease spaces positioned directly to the roadways. Print the executive summary located under the attachments tab above for better viewing of the graphics.

Lakewood is located at SH 249 & Louetta in Houston's northwest quadrant, 3 miles north of Willowbrook Mall. The property is immediately north of Compaq Computer's 250-acre world headquarters. The residential market, already well established around the center, will grow significantly based on the large-scale residential developments within the center's trade area.

Map of Tomball, TX 77375 (Harris County) - exact location not found

Research for 21127 State Hwy. 249 @ Louetta, Tomball, TX 77375 (Harris County)