This property is Off-Market

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

95,222 SF · Retail For Sale

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Lakewood Forest Shopping Center - Houston, Texas

Price N/A Cap Rate 10.44%
Gross Leasable Area 95,222 SF Occupancy 100%
Property Type Retail Tenancy Multiple
Property Sub-type Neighborhood Center Year Built 1984
Property Use Type Investment Lot Size 9.67 AC
Listing ID: 13446128 Date Created: 04/01/2002 Last Updated: 01/06/2003

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.

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

Research

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

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