832-353-1435
13300-13350 Jones Rd, Houston, TX for Sale
Freestanding - FOR SALE
1/18
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13300-13350 Jones Rd
Houston, TX 77070


HIGHLIGHTS

  • NNN Lease Structure: All tenants on NNN leases with minimal landlord responsibilities;
  • Most leases include annual rent escalations for built-in income growth
  • Value-Add Potential – Lease-Up: Opportunity to lease the remaining three vacant suites to further increase occupancy and grow NOI
  • Value-Add Potential – Pad Site Development: Excess land on the 10.91- acre site allows for the potential development of additional pad sites
  • Prime Location with High Traffic Counts: Excellent visibility at the intersection of Jones Rd (34,781 VPD) and Grant Rd (16,971 VPD)

OVERVIEW

Norchester Village Shopping Center is a 108,740-square-foot multi-tenant retail center located at 13300–13350 Jones Road in the heart of Northwest Houston—one of the region’s most active and established suburban submarkets. With 94% current occupancy and a stable, e-commerce-resistant tenant mix, the center offers investors a rare opportunity to acquire a high-performing retail asset with strong in-place cash flow and multiple avenues for value creation. Anchored by nationally recognized tenants such as Habitat for Humanity, Golden Chick, and Subway, Norchester Village benefits from a diversified rent roll with staggered lease expirations and long-term tenant stability. The property sits on 10.91 acres at the highly trafficked intersection of Jones Road and Grant Road, with combined daily traffic counts exceeding 51,000 vehicles. Surrounded by dense, affluent residential neighborhoods and located within two miles of major employers—including the Hewlett Packard campus and Willowbrook Mall—the center is strategically positioned to serve a growing population and workforce. In addition to its strong fundamentals, Norchester Village presents two key value-add opportunities: Leasing the remaining three vacant suites, which would immediately boost occupancy and increase net operating income; and Developing additional pad sites on the property's excess land, unlocking untapped potential to add high-demand outparcel users and further drive NOI growth. Originally built in 1983 and renovated in 1997, the center features excellent visibility, modern site functionality, and convenient access. All leases are structured as NNN, with many including annual rent escalations, offering a blend of stable current income and built-in rent growth. The asset is well-positioned for a long-term hold or an institutional disposition strategy upon stabilization. This is a rare opportunity to acquire a well-located, income-producing asset with clear value-enhancement potential in one of Houston’s most desirable suburban retail corridors.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Norchester Village

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

358

LAND DETAILS

CROSS STREETS

Jones

LAND ACRES

10.91 AC

LAND SF

475,240 SF

ZONING

Commercial

APN/PARCEL ID

1061810000002

ASK ABOUT THIS PROPERTY

Davis Amanyisye, CCIMJLS Real EstateMore Info
832-353-1435

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Davis Amanyisye, CCIMJLS Real EstateMore Info
832-353-1435

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.