22,455 SF Multi-Tenant Retail Center in Richmond, TX (Houston MSA)
Value-Add Opportunity - Currently 87.5% Occupied with Below Market Rents Averaging $22.84/SF NNN
Significant Built-In Revenue Growth – All Tenants Have Rent Increases in the Primary Term of Their Leases
Located in One of the Fastest Growing Submarkets of Houston - Population in a 3-Mile Radius Has Seen 15.8% Population Growth Annual since 2010
Superior Demographics – Average Household Incomes Exceed $178,000 in a 3-Mile Radius
Access and Visibility to Over 35,800 Vehicles Per Day on FM 1093
Service-Based, Internet-Resistant Tenant Mix
National Retailers in the Immediate Area Include: Walmart Supercenter, Kroger, H-E-B, Lowe’s Home Improvement, Academy Sports + Outdoors, LA Fitness, T.J. Maxx, McDonald’s, Starbucks, & Panda Express
Beneficial Reciprocal Easement Agreement - Shoppes at Westpark Tenants Have Access to Parking in Adjacent Center Due to Their Use of Access Road to 1093 Shown in the Image Here