425-450 Sheldon Rd
Channelview, TX 77530
Retail Property For Sale

EDGE Capital Markets is pleased to present the opportunity to acquire Sheldon Forest Shopping Center (the “Property”) a stabilized grocery-anchored neighborhood shopping center strategically located at the signalized intersection of Interstate 10 and Sheldon Road with exposure to over 137,000 cars per day in Channelview, Texas. For over 46 years, the Property has been home to Gerland’s FoodTown, a regional supermarket generating over $560 per square foot in sales for 2017, a 26% increase since 2010. Gerland’s subleases its space from The Grocers Supply Co., one of the largest grocery wholesale companies in the Southwest United States. The Grocers Supply Co., generates approximately $3 billion in sales annually. In addition, Church’s Chicken, Burke’s Outlet Stores and Family Dollar have occupied space for at least ten years, affirming the Property’s viability. Sheldon Forest’s diverse collection of retailers creates a one-stop family shopping destination for a mature, residential area where 59% of the population is Hispanic, ensuring a stable consumer base. Channelview is in the heart of the petrochemical industry with over 117,000 individuals and 36,000+ households in a 5-mile radius. Channelview sits within proximity of the Port of Houston, which ranks 2nd among U.S. ports in total tonnage and 1st in the U.S. in foreign waterborne tonnage. Additionally, the Port of Houston serves as an additional major employment hub with 42,000+ employees and 20 company headquarters within a 5-mile radius. The acquisition of Sheldon Forest Shopping Center provides investors with a unique opportunity to acquire this grocery-anchored asset that includes a seasoned tenancy mix with occupancies of over ten years.