20185 US Highway 59
New Caney, TX 77357
Retail Property For Sale

• High Growth Trade Area: Since 2010, the population has increased by 25.57% within 5 miles of the Property, and it is expected to grow an additional 15.89% over the next 5 years. • Taco Bell Ground Lease: The Property includes a Taco Bell Ground lease with approximately 15 years remaining on its initial term. This single tenant asset could be immediately sold off in a strategy to reduce an investor’s basis. • Access & Visibility: Positioned at the southeast corner of US 69 and FM 1485, the Property has great visibility and exposure to more than 85,000 vehicles per day. • Priced Below Replacement Cost: Brookshire Brothers Shopping Center presents a compelling opportunity to acquire a retail asset at $78 per square foot, which is well below replacement cost. • Grand Parkway: Houston’s Grand Parkway is the latest regional loop to be built around the greater Houston area, and once completed it will run less than 2 miles south of the Property. Grand Parkway’s development will create even more traffic for the Property as new residents begin moving to the multiple master planned community developments nearby. • Valley Ranch Master Planned Community: Located less than 3 miles from the Property is a new 1,400 acres community called Valley Ranch. By 2023 there will be over 2,500 single family homes and over 1,000 multifamily residences. Valley Ranch also includes over 1.5 million square feet of retail and office space. Phase 1 of the mixed use development opened in 2016 and includes tenants such as Cinemark Theatre, Academy Sports, Ross, PetSmart, Chick Fil A, Buffalo Wild Wings, SportClips, Five Guys, UPS, and many more.