20185 US Highway 59
New Caney, TX 77357
Brookshire Brothers Anchored Center · Retail Property For Sale

Marcus & Millichap is pleased to present this 100 percent occupied 55,994-square foot retail center in New Caney, Texas; which is approximately 30 miles northeast of Houston. The asset is anchored by Brookshire Brothers and additional tenants include Family Medical Office; Jeffrey Adams, DDS; Sherry Tavel Attorney at Law; and a freestanding Taco Bell. Brookshire Brothers has more than three years remaining on a double-net (NN) lease. Family Medical Practice has more than two years remaining on a modified gross lease with 10 percent rent increases in their remaining four, five-year options. Both Brookshire and Family Medical Practice demonstrates commitment: Brookshire has been operating at this location more than 15 years and Family Medical is in their second option period. Jeffrey Adams, DDS has four years remaining on a double-net (NN) lease with 3 percent annual increases and Sherry Tavel, Attorney at Law has more than two and a half years remaining on a gross lease with 1 percent annual increases. This asset is situated on US Route-59, which is highly visible from interstate-69 and sees more than 50,300 vehicles per day. Additionally, a Walmart Super Center is entering the market across the street from this asset. Delivery of the Walmart is expected to occur July 2017. Walmart' s entrance into the market will significantly increase traffic in the immediate trade area.