Norchester Village 13300-13350 Jones Rd 108,740 SF 94% Leased Retail Building Houston, TX 77070 For Sale

Norchester Village Shopping Center is a 108,740-square-foot multi-tenant retail center located at 13300–13350 Jones Road in the heart of Northwest Houston—one of the region’s most active and established suburban submarkets. With 94% current occupancy and a stable, e-commerce-resistant tenant mix, the center offers investors a rare opportunity to acquire a high-performing retail asset with strong in-place cash flow and multiple avenues for value creation. Anchored by nationally recognized tenants such as Habitat for Humanity, Golden Chick, and Subway, Norchester Village benefits from a diversified rent roll with staggered lease expirations and long-term tenant stability. The property sits on 10.91 acres at the highly trafficked intersection of Jones Road and Grant Road, with combined daily traffic counts exceeding 51,000 vehicles. Surrounded by dense, affluent residential neighborhoods and located within two miles of major employers—including the Hewlett Packard campus and Willowbrook Mall—the center is strategically positioned to serve a growing population and workforce. In addition to its strong fundamentals, Norchester Village presents two key value-add opportunities:
Leasing the remaining three vacant suites, which would immediately boost occupancy and increase net operating income; and Developing additional pad sites on the property's excess land, unlocking untapped potential to add high-demand outparcel users and further drive NOI growth. Originally built in 1983 and renovated in 1997, the center features excellent visibility, modern site functionality, and convenient access. All leases are structured as NNN, with many including annual rent escalations, offering a blend of stable current income and built-in rent growth. The asset is well-positioned for a long-term hold or an institutional disposition strategy upon stabilization.
This is a rare opportunity to acquire a well-located, income-producing asset with clear value-enhancement potential in one of Houston’s most desirable suburban retail corridors.