Cushman & Wakefield’s Texas Retail Advisors have been exclusively retained to execute the sale of El Dorado Shopping Center (the “Property”), a neighborhood shopping center located in Webster (Houston), Texas, one of the most active and vibrant retail markets in Houston. The center is situated at the high-traffic intersection of El Dorado Boulevard and Old Galveston Road on the proverbial “going home side of the road’ and serves the dense and working class Clear Lake Area. The property was developed in 1984 with a gross leasable area of 121,000 square feet (SF) and a current occupancy of 95%. Anchored by a Planet Fitness Gym on a long-term lease and a Family Dollar store, El Dorado presents a significant value add opportunity with the potential to lease over 48% / 59,000 square feet of vacancy. The Food Town grocer is currently occupying 52,000 sf and is on a 1 year lease with a landlord option to terminate the lease with 90 day notice. In addition to the vacancy, there is also the potential to develop a new pad site and push rents to market. This offering represents the unique opportunity to acquire a significant value-add neighborhood shopping center below replacement value in the thriving Clear Lake Area in one of the country’s largest and fastest growing MSA’s.