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12469 Southwest Fwy
Stafford, TX 77477
Pluckers · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Included in Phase 2 of The Grid, a planned 192-acre mixed-use development with over 350,000 SF of retail, restaurants and entertainment
  • Adjacent to class-A multi-family complex with ±2,500 planned units
  • Located along I-69/US-59 with visibility

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
8,366 SF
Building Class
B
Year Built
2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.40 AC
Zoning
MU-2
Parking
77 Spaces (9.2 Spaces per 1,000 SF Leased)

ABOUT 12469 SOUTHWEST FWY , STAFFORD, TX 77477

The Property is guaranteed by MDS Wings, LP, a Texas Limited Partnership, the corporate entity. Pluckers has 24 locations across the Texas and Louisiana. Pluckers was named one of the “Top 5 Sports Bars in North America” by ESPN and one of the “Top 10 Wing Restaurants in America” by USA Today. The base term of the ground lease is 15 years and includes 10% rent increases every 5 years during in the initial 15 year base lease term and the 3, 5-year option periods. Pluckers Wing Bar is located along I-69/US-59 between South Kirkwood Road and West Airport Boulevard and enjoys excellent visibility. The Property is surrounded by several major retailers including Walmart Supercenter, Sam’s Club, Bed Bath and Beyond, Ross Dress for Less, Stein Mart, and Old Navy, providing ample cross traffic. Additionally, the Property is adjacent to a Class-A multi-family complex that is currently in the process of leasing the first phase which includes 380 units and will ultimately feature ±2,500 units upon completion. Pluckers Wing Bar is included in Phase II of The Grid’s 192-acre mixed-use development plan that includes more than 350,000 square feet of retail, restaurants and entertainment; 500,000+ square feet of creative-focused office space; multiple hotels; pop-up shops; food hall; rooftop dining and 2,400+ urban residences.

PROPERTY TAXES

  • Listing ID: 16301827

  • Date on Market: 6/10/2019

  • Last Updated:

  • Address: 12469 Southwest Fwy, Stafford, TX 77477