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- LoopNet Team
11702 Grant Rd
Cypress, TX 77429
Lakewood Forest Center · Retail Property For Sale
Investment Highlights
- Excellent value-add opportunity with 18% vacancy - submarket vacancy is 6.0%
- Great visibility and access from Grant Road, with traffic counts of over 21,000 VPD
- Population of 97,547 with an Average Household Income of $100,762 within 3 miles | 296,613 population and $105,026 AHI within 5 miles
- Offered at below replacement cost
PROPERTY FACTS
Amenities
- Pylon Sign
- Signalized Intersection
About 11702 Grant Rd , Cypress, TX 77429
Oldham Goodwin is pleased to present Lakewood Forest Center, a well-located neighborhood retail center in Cypress, Texas for consideration. Situated at the hard corner of Grant Road and Lakewood Forest Drive, this property benefits from both strong visibility and an affluent suburban customer base. The 59,323 SF shopping center is occupied by a diverse mix of well-established service based tenants with staggered lease expiration. The center is currently 82% occupied and offers an outstanding value add opportunity through lease-up and mark to market tenant management.
PROPERTY TAXES
| Parcel Number | 1160660000001 | Improvements Assessment | $4,316,478 |
| Land Assessment | $1,002,335 | Total Assessment | $5,318,813 |
PROPERTY TAXES
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