Historical Retail Sale Listing - Portofino Plaza For Sale - 100% Leased

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Portofino Plaza For Sale - 100% Leased

19073 I-45, Shenandoah, TX 77385

N/A

37,444 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
37,444 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Additional Sub-types:
Street Retail
Property Use Type:
Net Lease Investment with
8 years left on lease
Occupancy:
97%
Tenancy:
Multiple
Lot Size:
2.87 AC
Listing ID
17338932
Last Updated
345 days ago

Description

Portofino Plaza, a 37,444 SF,multi-tenant retail center is 97% leased. The 2.87 acre property is conveniently located adjacent to Portofino Shopping Center, a 450,000 sf power center which is anchored by national tenants, such as Michael' s, Stein Mart, Sports Authority, PetsMart, Old Navy and Sam' s Club. Located adjacent to Woodforest Bank Stadium and Natatorium (10,000+ seats), a 60-acre sports complex which is home to several of the area' s high school football teams, drill team, band and numerous aquatic events. St. Luke' s and Memorial Hermann Hospital campuses are within 1 mile of the shopping center. The property was constructed in 2002 and is well positioned in a rapidly growing area in The Woodlands submarket. Tenants reimburse for CAM, taxes, insurance and management fees. All tenants are currently in long term leases with some expirations as far out as 2020. Call for CA to receive financials.

Portofino Plaza is located ½ mile north of Research Forest Drive on Interstate 45 in the City of Shenandoah. The retail center is approximately 1 mile from The Woodlands Town Center and 5 miles from the Hardy Toll Road and the ExxonMobil Corporate Campus, which is currently under construction.

Map of 19073 I-45, Shenandoah, TX 77385 (Montgomery County)

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