12200 Gulf Fwy
Houston, TX 77034
Ojos Locos · Retail Property For Sale

This Ojos Locos subject property is located in South East Houston at 12200 Gulf Freeway, Houston TX 77034. Houston is the most populous city in Texas and the largest city in the Southern United States. SURROUNDING RETAIL & POINTS OF INTEREST The subject property is a pad site to the Almeda Mall, a 564,750 square foot shopping mall that serves all of Southeast Houston. As of 2017, Almeda Mall had $86 million in sales. The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, and universities all within close proximity. Major national tenants include: Sam’s Club, Walgreens, Macy’s, Chili’s, McDonald’s, Olive Garden, as well as many others. This Ojos Locos property also benefits from being situated within a 12-mile radius of several academic institutions. The most notable are the University of Houston and Rice University, which have a combined total enrollment exceeding 50,000 students. MD Anderson Center, a 681-bed, nationally ranked, leader in cancer care and research, is located less than fifteen miles from the subject property. William P. Hobby Airport is located less than five miles from this subject property. The airport is international and features over 50 million visitors per year. TRAFFIC COUNTS & DEMOGRAPHICS The property has approximately 138,806 people residing within a three-mile radius and 290,612 people within a five-mile radius. The property is located off of I45 – referred to as the Gulf Freeway by Houstonians – the most common route to the coast from the big city. Average Daily Traffic counts for this portion of the interstate are approximately 205,000. HOUSTON, TX Houston is ranked as the nations fourth-largest city with 2.2 million residents, only trailing New York, Los Angeles, and Chicago. The city’s economy has a broad industrial base in energy, manufacturing, aeronautics, and transportation. Outside New York City, Houston has more Fortune 500 headquarters than any other U.S. municipality within its city limits. The Port of Houston ranks first in the United States in international waterborne tonnage handled and second in total cargo tonnage handled. Nicknamed the "Space City", Houston is a global city, with strengths in business, international trade, entertainment, culture, media, fashion, science, sports, technology, education, medicine, and research. The city has a population from various ethnic and religious backgrounds and a large and growing international community.