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Heights Forum 1324 N Shepherd Dr
1,913 - 4,129 SF of Retail Space Available in Houston, TX 77008
Highlights
- Great retail site with strong demographics in the heart of the Heights
- Glass storefront with excellent visibility
- Soaring Land Values
- Strong retail and restaurant growth along the Shepherd corridor
- Resilient Property Stability
- Remarkable Home Value Growth
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor, Ste 210 | 2,216 SF | Negotiable | $28.00 /SF/YR $2.33 /SF/MO $62,048 /YR $5,171 /MO | Triple Net (NNN) | ||
| 2nd Floor, Ste 230 | 1,913 SF | Negotiable | $28.00 /SF/YR $2.33 /SF/MO $53,564 /YR $4,464 /MO | Triple Net (NNN) |
2nd Floor, Ste 210
• Great retail/office site with strong demographics in the heart of the Heights • Strong retail and restaurant growth along the Shepherd corridor • Call 713-572-3500 for more information
- Lease rate does not include utilities, property expenses or building services
- High End Trophy Space
- Can be combined with additional space(s) for up to 4,129 SF of adjacent space
- Glass storefront with excellent visibility
- Located in a rapidly growing and dense area
- Newly developed storefront retail/office center
- Located in the heart of the Heights
2nd Floor, Ste 230
• Great retail/office site with strong demographics in the heart of the Heights • Strong retail and restaurant growth along the Shepherd corridor • Call 713-572-3500 for more information
- Lease rate does not include utilities, property expenses or building services
- High End Trophy Space
- Can be combined with additional space(s) for up to 4,129 SF of adjacent space
- Glass storefront with excellent visibility
- Located in a rapidly growing and dense area
- Newly developed storefront retail/office center
- Located in the heart of the Heights
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
TENANTS AT Heights Forum
- Tenant
- Description
- SIZE
- MOVE DATE
- US Locations
- Reach
- Heights Emergency Room
- -
- 6,500 SF
- -
- -
- -
- Chi'Lantro Korean BBQ
- Retailer
- -
- -
- -
- -
- Yoga Six
- Fitness
- -
- 04/2021
- 263
- International
Each studio at YogaSix is a locally owned and operated franchise location. They offer several different class types from hot and powerful to slow and mindful. They also offer beginner classes and sculpt classes. Their teachers have been trained in the YogaSix methodology to provide a consistent but creative experience for each class type every time. They teach in a way that is easy for everyone to follow and understand. Their expert staff will help their clients find the right class to help them achieve their goals. YogaSix believes that everyone deserves the mind-body experience of yoga. They believe everyone can all grow, becoming better together. They believe in a world of inclusion and acceptance of each other. Whether clients are connecting to the rhythm of their breath or working up to the edge of their fitness level in class, there is always something new to discover about yourself. Begin a regular practice at YogaSix and allow the transformation to begin.
| Tenant | Description | SIZE | MOVE DATE | US Locations | Reach |
| Heights Emergency Room | - | 6,500 SF | - | - | - |
| Chi'Lantro Korean BBQ | Retailer | - | - | - | - |
| Yoga Six | Fitness | - | 04/2021 | 263 | International |
PROPERTY FACTS FOR 1324 N Shepherd Dr , Houston, TX 77008
| Property Type | Retail | Gross Leasable Area | 24,476 SF |
| Property Subtype | Storefront Retail/Office | Year Built | 2021 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 24,476 SF |
| Year Built | 2021 |
About the Property
Heights Forum is a newly developed storefront retail center located in the heart of The Heights, one of the most historic neighborhoods in Houston. The Heights, also known as “Greater Heights,” is surrounded by shopping centers, restaurants, nightlife spots, and parks and recreation. The Heights has a total population of over 453,000 people within a five mile radius.
Marketing Brochure
DEMOGRAPHICS
Demographics
About Inner Loop/Heights
The Heights is located in one of Houston’s most historic neighborhoods and is home to rich and character-filled architecture, mom and pop-type shops, and hip restaurants. The Heights has seen a surge in new multifamily supply in recent years. As the area continues to gentrify, young professionals and families have been moving here. Some of Houston’s major highways either border or run directly through the area, including Texas State Highway 290, Interstate 610, Interstate 69, and Interstate 45, offering easy access to major employment nodes.
Retailers benefit from the area’s relatively high incomes. Median household incomes here are above $120,000 per year. The area’s strong consumer base has bolstered new construction activity, making the Heights even more attractive to new renters and homeowners. A number of new projects have come on line in the past several years, including new and redeveloped retail along White Oak Drive, Yale Street, Heights Boulevard, 19th Street, North Shepherd Drive, and North Durham Drive. Retailers here generally cater to local residents but also draw consumers from a wider trade area such as Houston’s suburbs.
Nearby Major Retailers
Leasing Agent
Leasing Agent
Brent Fredricks, Senior Vice President
When it comes to single-tenant and multi-tenant retail properties, Brent had great mentors. In 1987, Brent worked as a Broker with H. Kerr Taylor, the Founder and CEO of AmREIT. Brent handled analysis and acquisitions of appropriate triple-net leased properties to be acquired by the American Asset Advisors Net Realty Funds, the predecessors of AmREIT. However, Brent’s passion for shopping centers began in 1989 at Hunington Properties, Inc. where he served for 10 years as Vice-President of brokerage and management services under the tutelage of Sandy P. Aron.
Brent formed Fredricks Commercial Brokerage, Inc. in 1998 which operated as a full-service brokerage company representing domestic and international corporations, institutions and individuals in the brokerage of shopping centers, single-tenant retail buildings, office buildings, industrial properties and raw land. In 2000, Brent acquired WQ Real Estate Services, Inc. and formed Fredricks Commercial Management, Inc. which provided property management, leasing and construction supervision services to Owners of shopping centers, single-tenant retail properties and office buildings.
Additionally, beginning in 2000, Brent was the Managing Partner of Mia Reed & Company, Ltd. which served as the general partner of the Mia Reed & Company Capital Fund partnerships. Over a period of six years, the partnerships invested in income producing real estate which included six shopping centers totaling over 650,000 square feet, five single-tenant net-leased retail buildings, one office building and one apartment complex.
Brent’s experience as a Broker, Manager and Owner of Investment Real Estate and Retail Properties gives him the ability to understand the perspectives and needs of both parties in the Real Estate Transaction. This specialized knowledge allows him to represent his Clients more effectively and helps close deals.
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Heights Forum | 1324 N Shepherd Dr
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