Tidwell Plaza 13525 Tidwell Rd

14,650 SF 100% Leased Retail Building Houston, TX 77044 $5,000,000 ($341/SF) 6.50% Cap Rate

INVESTMENT HIGHLIGHTS

  • Owner Financing Available
  • Commercial storefront property spanning 14,455 square feet on 1.32 acres and built in 2019 with an annual net operating income of $325,000.
  • Positioned at a signalized intersection with visibility from Beltway 8, providing combined traffic counts of nearly 100,000 vehicles per day.
  • Tidwell Plaza comprises an internet-resistant, diversified tenant mix, including nine tenants providing service, food, and unique retail offerings.
  • Shadow-anchored by national tenants Starbucks and Walgreens, with other adjacent establishments like Shell, Subway, Popeyes, and Jack in the Box.
  • Growing area that saw the number of households within a 2-mile radius rise by 12% from 2020 to 2024, with positive growth to continue through 2029.

EXECUTIVE SUMMARY

Break into a burgeoning submarket with this multi-tenant investment opportunity located at the northwest corner of Beltway 8 and Tidwell Road.
Owner Financing Available!

Tidwell Plaza is a 14,455-square-foot building situated on 1.32 acres. The property features floor-to-ceiling storefronts and has a side drive-thru. It is leased to nine tenants, including Little Ceasars, Cricket, Chelelo Western Wear, Marbella Ice Cream, WFACTS, and Daiquiri Trap, an eclectic array that caters to a wide variety of consumers. Tidwell Plaza benefits from multiple ingress and egress points and cross-access points from adjacent properties with traffic-elevating tenants. Starbucks and Walgreens act as shadow anchors and the other businesses in the vicinity make this a convenient shopping and dining node that draws a more diverse selection of consumers.

Located off one of Houston’s most important arteries, Beltway 8, Tidwell Plaza is situated along well-traveled commuting routes, drawing the eyes of thousands of passersby per day. The center is surrounded by several residential communities, including Stonefield Terrace (516 homes) and Hidden Meadow (1,809 homes), and there are four schools within a five-minute drive. This cluster of suburban destinations speaks to the density of consumers here, and projections call for sustained household growth in the foreseeable future. Already, the 43,000 households within a 5-mile radius contribute to $1.3 billion in annual consumer spending, painting an optimistic picture for investing in Tidwell Plaza.

OFFERING MEMORANDUM Click Here to Access

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
14,650 SF
Building Class
B
Year Built
2019
Price
$5,000,000
Price Per SF
$341
Cap Rate
6.50%
NOI
$325,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.32 AC
Zoning
N/A - No Zoning Ordinance
Parking
75 Spaces (5.12 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage
  • Monument Signage
  • Air Conditioning

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
9,059
47,404
141,875
245,036
2029 Population
9,264
48,813
144,919
251,810
2024-2029 Projected Population Growth
2.3%
3.0%
2.2%
2.8%
Median Age
30.4
30.8
32.0
32.6
College Degree + Higher
14%
12%
14%
12%
Daytime Employees
782
7,151
27,045
63,261
Total Businesses
97
604
2,683
6,584
Average Household Income
$77,968
$73,811
$70,954
$72,499
Median Household Income
$65,785
$56,762
$54,591
$56,106
Total Consumer Spending
$84.8M
$429.6M
$1.3B
$2.2B
2024 Households
2,656
13,844
43,129
75,671
Average Home Value
$169,217
$175,398
$193,053
$198,562

NEARBY AMENITIES

RESTAURANTS

Little Caesars - - In Building
Jack In The Box - - 3 min walk
Pizza Hut - - 3 min walk
Starbucks Cafe $ 3 min walk
Church's Chicken - - 4 min walk
Subway - - 4 min walk
Popeyes - - 4 min walk

RETAIL

Cricket Wireless Communications In Building
Walgreens Drug Store 2 min walk

HOTELS

Hampton by Hilton
98 rooms
5 min drive
Holiday Inn Express
96 rooms
8 min drive
La Quinta Inns & Suites
91 rooms
9 min drive
Courtyard
144 rooms
10 min drive

PROPERTY TAXES

SALE ADVISORS

SALE ADVISORS

(713) 324-8954 x6
Contact
Anita Amin, Retail Land & Leasing Specialist
(713) 324-8954 x6
Contact
Anita is a Retail Land and Leasing Specialist with a focus on acquisitions and dispositions. Her passion for development started at a young age, soaking in the nuances of retail development and operations at the dinner table with her parents and brother. Bringing over eight years of land brokerage and development experience to the company, Anita’s primary focus, and expertise is on-site selection, as well as her understanding of the highest and best use for each property. She has hands-on experience with the full life cycle of an asset including project analysis, financing, construction, and disposition.

In her spare time, Anita enjoys biking around Houston with her husband and taking their two pups to the park. During the winter months, you can find her out on the slopes in Colorado.

Anita is a member of the International Council of Shopping Centers (ICSC) and CREW Houston.
(713) 204-4433
Contact
Joshua Jacobs, Owner/Managing Principal
(713) 204-4433
Contact
Josh is the Owner and Managing Principal of The Blue Ox Group, starting the firm during the height of the COVID-19 Pandemic in June of 2020. He was previously with Edge Realty Partners where he co-founded the Houston office in 2011.

Josh began his career in 1996 in the commercial real estate industry. He has a multifaceted approach while specializing in the retail sector of the commercial real estate industry. With his broad range of experience, he can draw on his diverse history of transactions and situations to help his clients achieve their goals. He has unparalleled determination and a passion for his clients’ ultimate success. Josh is highly respected by his peers for his professionalism, creativity, and deal-making skills. Josh leads his team of experts, as he loves being a mentor and coach.

Josh has been a leader in the retail business in Houston since he began his career. He focuses his attention primarily on investment sales where he has had tremendous success primarily on investments of $15 Million and under to local, regional, and some institutional clients. The experience is focused on independent single-purpose buildings, multi-tenant shopping centers, and triple net sales. He also spends his time on the sale of large land tracts as well as the bifurcation of these tracts for sale to users and investors. Additionally, small hard corner parcels are a mainstay of his business.

He has also spent his career project leasing hundreds of properties throughout Houston and has a team that is exceptional at this work, although he is still involved and loves the design of the projects and strategy to make the most of the client’s goals.

Josh has worked with numerous retailers and restaurants and loves helping to launch new brands into the market as well as developing expansion strategies for proper market penetration as well as assisting single market operators and many local “Mom & Pop” clients.
  • Listing ID: 30026114

  • Date on Market: 11/10/2023

  • Last Updated:

  • Address: 13525 Tidwell Rd, Houston, TX 77044