Rayford Shoppes is a 15,314 shopping center built in 2019. Ace Hardware and Tapout Fitness both signed 10 year leases, that include 10% rent increases in their primary term and options. The property is located in rapidly expanding, affluent submarket and subdivision, which has grown 55% in the last 5 years. The household income in a 1 mile radius exceeds $200,000 per year. Ace Hardware strategically chose a location in Harmony subdivision to reopen a store in Spring. The Harmony subdivision is a 1,000 acre master planned development with 2,600 new single family homes from award winning home builders. The Harmony is adjacent to Bender’s Landing, a luxury home division of 1-2 ace lakefront homesites. Tapout Fitness is an innovative national martial arts infused fitness concept, catering to both adults and kids. The concept is expanding into the Houston market. The demographics in the Harmony community are ideal for their model, which explains the strong opening membership numbers. Across the street is The Goddard School. Along Rayford Road and Birnham Woods Drive are state of the art, newly built public schools and parks. A few miles to the north, Rayford Road and Birnham Woods intersect with highway 99, Houston’s newest outer loop toll road with explosive retail growth.