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Five Points Shopping Center 201 S FM 270 11,247 SF 89% Leased Retail Building League City, TX 77573 For Sale
Investment Highlights
- Multi-tenant rent roll provides diversified income from a mix of financial, retail, food service, and nonprofit tenants
- NNN lease structure allows for expense recoveries, helping reduce landlord operating exposure
- The Property currently maintains approximately 89% occupancy with additional upside through lease-up of the remaining vacant suite
Executive Summary
Strong Tenant Mix Anchored by Frost Bank
• Anchored by Frost Bank, one of the largest Texas-based banking institutions
• Complementary tenant lineup includes Goodwill, Flawless Diamonds, and Pauline’s
Donuts, generating consistent consumer traffic throughout the center
• Goodwill lease extends through December 2036, providing long-term income stability
Value-Add Opportunity Through Lease-Up
• Approximately 1,231 SF currently vacant, presenting investors with an opportunity to
increase occupancy and grow NOI through lease-up initiatives
• Strong neighborhood retail fundamentals support continued tenant demand within the
submarket
Affluent League City Demographics & Houston MSA Growth
• Located within the rapidly growing Houston MSA, the fifth-largest metropolitan area in
the United States with more than 7.6 million residents
• Affluent surrounding demographics include average household incomes exceeding
$123,000 within a 5-mile radius
• The surrounding 5-mile trade area includes nearly 194,000 residents and approximately
198,700 daytime employees supporting daily retail demand
• Proximity to major employment drivers including NASA Johnson Space Center, Lockheed
Martin, HCA Healthcare, and University of Houston-Clear Lake supports long-term
economic stability and consumer spending.
• Anchored by Frost Bank, one of the largest Texas-based banking institutions
• Complementary tenant lineup includes Goodwill, Flawless Diamonds, and Pauline’s
Donuts, generating consistent consumer traffic throughout the center
• Goodwill lease extends through December 2036, providing long-term income stability
Value-Add Opportunity Through Lease-Up
• Approximately 1,231 SF currently vacant, presenting investors with an opportunity to
increase occupancy and grow NOI through lease-up initiatives
• Strong neighborhood retail fundamentals support continued tenant demand within the
submarket
Affluent League City Demographics & Houston MSA Growth
• Located within the rapidly growing Houston MSA, the fifth-largest metropolitan area in
the United States with more than 7.6 million residents
• Affluent surrounding demographics include average household incomes exceeding
$123,000 within a 5-mile radius
• The surrounding 5-mile trade area includes nearly 194,000 residents and approximately
198,700 daytime employees supporting daily retail demand
• Proximity to major employment drivers including NASA Johnson Space Center, Lockheed
Martin, HCA Healthcare, and University of Houston-Clear Lake supports long-term
economic stability and consumer spending.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
11,247 SF
Building Class
B
Year Built
1996
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.22 AC
Zoning
N/A - N/A
Parking
66 Spaces (5.87 Spaces per 1,000 SF Leased)
Frontage
300’ on Deke Slayton Highway
Amenities
- Wheelchair Accessible
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1
- 1,231 SF
- Retail
- In-Line
- Now
- 2
- 1,769 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 1 | 1,231 SF | Retail | In-Line | Now |
| 2 | 1,769 SF | Retail | In-Line | Now |
1
| Size |
| 1,231 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2
| Size |
| 1,769 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2598-0000-0001-001 | Improvements Assessment | $1,301,230 |
| Land Assessment | $543,770 | Total Assessment | $1,845,000 |
Property Taxes
Parcel Number
2598-0000-0001-001
Land Assessment
$543,770
Improvements Assessment
$1,301,230
Total Assessment
$1,845,000
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