- $5,000,000
- 6.50% Cap Rate
- Invest in a growing area with this multi-tenant shopping center, occupied by service, food, and retail tenants and shadow-anchored by Walgreens and Starbucks.
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Houston, the largest city in Texas, has a strong marketplace for shopping centers due to the city's vast population. With a population exceeding 2.3 million, the demand for commercial outlets is notable. Located near Galveston Bay and the Gulf of Mexico, the city boasts a thriving port that encourages international trade. This, coupled with Houston's freeway system encompassing over 25,000 miles of roadways, ensures shopping centers are well connected with both suppliers and consumers. The city is also home to world-renowned educational institutions, including the University of Houston System, which beckon a steady influx of students who contribute actively to the comparatively high footfall in shopping centers.
The available shopping centers in Houston are strategically located to leverage the diverse and dynamic population of the city. The range of shopping centers varies significantly, providing options for retailers and investors with various needs and preferences. Additionally, Houston offers opportunities for other property types such as apartment buildings, which leverage the city's substantial population and the presence of educational and research institutions. Diverse dining experiences provided by restaurants and the presence of specialty properties that cater to niche markets add to the variety of commercial real estate in Houston. Furthermore, the availability of office space plays a pivotal role in sustaining Houston's diversified economic base, encompassing sectors like energy, manufacturing, aeronautics, and technology. Houston's varied real estate categories thrive in the backdrop of the city's multifaceted economy, dynamic demographics, and robust infrastructure.
Given its expansive population and well-diversified economy, Houston makes for a strategic locale for Shopping Centers. With more than 2.3 million inhabitants, Houston guarantees a substantial customer base, which potentially bodes well for businesses within Shopping Centers.
Shopping Center Size | Square Feet |
---|---|
Maximum | 139,575 SF |
Average | 19,567 SF |
Minimum | 1,385 SF |
Shopping Center Price | Price Per SF |
---|---|
Maximum | $1,370 Per SF |
Average | $326 Per SF |
Minimum | $3 Per SF |
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