Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 30,000-square-foot, multi-tenant neighborhood retail center located in Houston, Texas. Harwin Center is currently 88 percent occupied with the majority of the leases having triple-net terms, providing upside potential in leasing the remaining vacancies and converting all leases to triple-net. The tenant base is a complementary mix of service-oriented businesses, including Unique African Cuisine Bar & Grill, Daniel's Fashion & Fabrics, Divinity Care Center, T&L Financial Group, OG Printing, OG Relief, Silly Lilly's Smoke Shop, Sun Dollars + Store, Sun LED Lights, Empire Furniture, Domingo Retails, Heaven Lee Hair, Farmers Insurance, Braiding Image, Iglesia Cristiana Pentecostes Church, The Hope Adult Day Care, LT Tires, Club New Ice, K-Spa, and a food truck lease. The center was constructed in 1984 and is situated on a 2.43-acre parcel with concrete parking. A large double-sided pylon sign provides additional exposure to the center. Harwin Center is located at the signalized hard corner intersection of Wilcrest Drive and Harwin Drive. Cumulative traffic counts in front of the property exceed 44,297 vehicles per day. Harwin Center is also in close proximity to multiple schools, corporate offices, and hotels, including Hastings High School, Alief Middle School, Alief Montessori Community School, Chancellor Elementary School, Quest Diagnostics Inc., Smart Financial Credit Union Corporate Office, Towne Place Suites by Marriott Houston, Springhill Suites by Marriott, WoodSpring Suites, providing additional traffic. The surrounding area has desirable demographics, serving a dense residential community of 564,492 residents within a five-mile radius.