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Heights Forum 1324 N Shepherd Dr
24,476 SF 83% Leased Retail Building Houston, TX 77008 For Sale
Investment Highlights
- Award Winning, Best in Class Design and Winner of the 2022 Red News Awards Mixed-Use Project of the Year.
- Built-in annual base rent increases guarantee rising revenues.
- The Property features a resilient and recession-proof tenant mix that includes healthcare providers, professional services, wellness centers, and cura
- Below-market rents, which present significant future earnings growth potential.
- Heights Forum is strategically positioned in the heart of Houston Heights, a historically charming and economically vibrant neighborhood that benefits
- Ideal 1031 Exchange Property
Executive Summary
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Space Availability
- Space
- Size
- Space Use
- Position
- Available
• 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
• 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
| Space | Size | Space Use | Position | Available |
| 210 | 2,216 SF | Retail | - | Now |
| 230 | 1,913 SF | Retail | - | Now |
210
| Size |
| 2,216 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
230
| Size |
| 1,913 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
210
| Size | 2,216 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
• 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
230
| Size | 1,913 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
• 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
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.
DEMOGRAPHICS
Demographics
Nearby Major Retailers
Sale Advisor
Sale Advisor
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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