Norchester Village is a strategically located retail shopping center in the Northwestern Houston suburb of Cypress, TX. The Center is located at the signalized intersection of Jones Road at Grant Road which boasts strong traffic counts of over 56,000 cars per day (2016 TxDOT). Originally built in 1984, the 108,740 SF project is situated on 10.91 acres of land and is easily accessible to both north-south bound and east-west bound traffic with a total of 12 curb-cuts along Jones and Grant Roads. Norchester Village is currently 93% leased, comprised of 25 lease spaces, two of which are located in single tenant pad buildings. Most leases are “Triple Net,” with each tenant being responsible for their own utilities and HVAC systems, as well as most other common area charges, including management fees. Originally built for a large grocery store, the overall layout, building design, bay depths and ample parking (532 spaces or 5.10 per 1,000 SF) afford potential owners a high degree of flexibility and potential upside in the future. Tenant longevity has been a staple of Norchester Village, with approximately 85% of tenants having been in the center more than 5 years and almost 20% of tenants having been there over 10 years. Numerous national and regionally branded tenants are located in the shopping center including ReStore (Habitat for Humanity), Wells Fargo, Subway, Advance America Cash, Cricket Wireless, Kumon and El Kiosko.
The strategic positioning of Norchester Village makes the center easily accessible with Hwy 249 just 1.7 miles away. Willowbrook Mall, which is a major regional mall in the Houston MSA, is located just 2.5 miles to the southeast creating a major traffic draw to the trade area. Notable daytime population drivers in the immediate area include Methodist Hospital, CHI St. Luke’s Hospital, Lone Star Community College, Vintage Park (lifestyle shopping center) and numerous office developments.