2550 Citywest Blvd
Houston, TX 77042
Retail Property For Sale

QUALITY INVESTMENT OPPORTUNITY: The Property’s underlying value is bolstered by a strong lineup of national credit tenants on new 10-year leases with built in rent increases and multiple renewal options, coupled with experienced regional and local retailers who are proven performers in their respective categories. Over 80% of the Property’s GLA is derived from national and regional retailers including FedEx, Zoës Kitchen, MOD Pizza, Panera Bread, Ideal Dental, Yogurtland and Tropical Smoothie Cafe. The remaining tenants are locally owned and operated, having multiple units throughout Houston and a strong proven track record. PROMINENT RETAIL LOCATION: Citywest Retail Center has a coveted location along Westheimer Road, Houston’s primary arterial retail corridor, and a dominant east-west thoroughfare for the trade area. Situated amongst 4.7 million square feet of retail along Westheimer Road, the Property’s prominent market position places it in the core of the Westchase District and provides the Property with excellent visibility and access to more than 82,000 cars per day. MAJOR EMPLOYMENT HUB: Located within the vital hub of the Westchase District, Citywest Retail Center benefits from a strong employment base in the immediate area with over 54,000 people within a five-minute walk time. The Property is located in directly proximity to the recently constructed Phillip 66 campus, which totals 1.1 million square feet and houses 2,200 employees. ESTABLISHED HOUSING MARKET: Citywest Retail Center supports the daily needs of a highly desirable, established housing market. The Property’s location along Westheimer Road, provides connectivity to both the adjacent neighborhoods to the north, as well the highly affluent communities just east of Beltway 8, which boast average home values ranging from $400,000 to over $6,400,000.