This Retail Property is Off-Market.

11200 Northwest Freeway
Houston, TX 77018 ·

10,290 SF · Retail For Sale

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290 @ 34th Centre

Price N/A No. Stories 1
Gross Leasable Area 10,290 SF Tenancy Multiple
Property Type Retail Year Built 2004
Property Sub-type Strip Center Lot Size 0.88 AC
Property Use Type Investment APN / Parcel ID 1259340010001
Cap Rate 7.25% Parking Ratio 4.40 / 1,000 SF
Occupancy 100%
Listing ID: 15835971 Date Created: 08/05/2008 Last Updated: 11/21/2008

Description

CB Richard Ellis is pleased to exclusively offer for sale 290 @ 34th Centre, a 100% leased 10,290 square foot retail center located at the northeast corner of Hwy. 290 and 34th Street in the near northwest sector of Houston, Texas. Built in 2004, the 290 @ 34th Centre is anchored by Starbucks and T-mobile, occupying 43% of the total GLA. The remainder of the centre consists of national, regional and local tenants, including Supercuts, Payday Advance, Acceptance Insurance, New Vision Eyecare and Friky Chicken.

Located approximately 7.5 miles northwest of Houston's CBD, 290 @ 34th Centre is positioned along the Hwy. 290 corridor at the area's dominant retail intersection with 34th Street. The asset created an opportunity for tenants to locate to a superior infill site in an already densely populated trade area and enjoyed a successful pre-leasing campaign prior to completion. 290 @ 34th Centre is shadow anchored by the institutionally owned Northbrook Shopping Center, anchored by Randalls grocery. Additional major area retailers include Office Depot, Academy, Conn's and Office Max.

290 @ 34th Centre is located approximately 7.5 miles northwest of downtown Houston, at the northeast corner of Highway 290 (Northwest Freeway) and West 34th Street. Highway 290 is the major northwest/southeast corridor connecting Houston to Austin, and intersects several major thoroughfares throughout northwest Houston, including the 610 Loop, Beltway 8 and FM 1960/Hwy 6.

Surrounded by national retailers including Office Depot, Randalls, Dollar Tree, Washington Mutual, Academy, Conn's and Office Max, the Centre is strategically situated at the area's key retail intersection.

Highlights

  • Hard Corner | Dominant Intersection
  • Shadow Anchored by Randalls in the institutionally owned Northbrook Shopping Center
  • 75% National/Regional Credit Tenants
  • High Historical Occupancy
  • Upside in Lease Renewals
  • Excellent Exposure to Highway 290 & 34th Street

Research

11200 Northwest Freeway, Houston, TX 77018 (Harris County)

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