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Shoppes at 249 11740 State Highway 249 32,196 SF 100% Leased Retail Building Houston, TX 77086 For Sale 6.50% Cap Rate
Investment Highlights
- Signalized corner on State Highway 249 with 51,000+ VPD
- New hotel on adjacent pad site driving additional co-tenancy traffic
- Dual-anchored by Family Dollar and Dollar Tree
- 100% occupied | 7 NNN tenants
Executive Summary
Alison Commercial Group presents Shoppes at 249, a fully leased, 32,196 SF multi-tenant retail center positioned on State Highway 249 in Houston, Texas, one of the city's primary northwest corridor arteries with 51,000+ vehicles per day.?
The property is 100% leased to seven NNN tenants, dual-anchored by Family Dollar and Dollar Tree, with a diverse mix spanning retail, medical, insurance, and service users.? A newly developed hotel on the adjacent pad site drives additional co-tenancy traffic to the center.?
The surrounding trade area features 125,000+ residents within a 3-mile radius with a projected submarket growth rate of 5.8–6.0% through 2030.? With rents positioned below market, Shoppes at 249 offers investors both stable in-place cash flow and meaningful upside potential.?
This property is part of a 6-property Houston MSA retail portfolio. Available for individual purchase or as part of a portfolio/bulk acquisition. Contact listing broker for portfolio pricing and details.
The property is 100% leased to seven NNN tenants, dual-anchored by Family Dollar and Dollar Tree, with a diverse mix spanning retail, medical, insurance, and service users.? A newly developed hotel on the adjacent pad site drives additional co-tenancy traffic to the center.?
The surrounding trade area features 125,000+ residents within a 3-mile radius with a projected submarket growth rate of 5.8–6.0% through 2030.? With rents positioned below market, Shoppes at 249 offers investors both stable in-place cash flow and meaningful upside potential.?
This property is part of a 6-property Houston MSA retail portfolio. Available for individual purchase or as part of a portfolio/bulk acquisition. Contact listing broker for portfolio pricing and details.
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
32,196 SF
Building Class
B
Year Built
2019
Cap Rate
6.50%
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
3.81 AC
Zoning
None
Parking
135 Spaces (4.19 Spaces per 1,000 SF Leased)
Frontage
965’ on Tomball Pkwy/TX 249
Amenities
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,826,111 | |
| Land Assessment | $2,616,060 | Total Assessment | $6,442,171 |
Property Taxes
Parcel Numbers
Land Assessment
$2,616,060
Improvements Assessment
$3,826,111
Total Assessment
$6,442,171
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Shoppes at 249 | 11740 State Highway 249
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