Investment Overview

The offering consists of a fully occupied 4,600 square foot strip center in Houston, TX. Built in 2019, the asset is situated on 0.45 acres and fronts on W Sam Houston Parkway S with great visibility. City West Square is shadow anchored by St. Joseph Medical Center with multiple points of entry. The subject property has reciprocal access agreements securing access to and from Westheimer and Rogerdale. A reciprocal parking agreement with 2610 W Sam Houston Parkway is also in place. All tenants are currently under triple net leases and reimburse for Taxes, Insurance, and CAM. Blackrock Coffee has two five-year renewal options with a 10 percent rental increase in 2025 of its initial term. Cloud House Smoke Shop has one five-year renewal option with 3 percent annual bumps after year 1 of its initial term. Fluent recently signed an 11-year lease with 3% annual bumps after year 1 of its initial term with two-five year renewal options. City West Square is located in a highly dense region of Southwest Houston with direct access to Westheimer and Rogerdale. It sits North of the Westpark Tollway and East of Highway 6. The asset is surrounded by medical offices, H-E-B, Target, Kroger, Walgreens, and other national retailers. Within a one, three, and five mile radius, the population totals over 20,045, 189,210, and 548,380. Average household incomes are $78,547, $95,959, and $86,767 within a one, three, and five mile radius respectively.