Investment Overview

Lakes on Eldridge Centre is a 100 percent occupied, 30,095-square-foot, multi-tenant neighborhood retail center in Houston, Texas. Approximately 91 percent of the gross leasable area has triple-net leases. Tenants are a complementary mix of internet-resistant, service-oriented businesses, including Pho H&K, Sweet Donuts, Hempire CBD Wellness Center, Rose Nails and Hair, Subway, Roasti Pollo, Breakthrough Harvest Church, Phoenix Rising Smoke N Vapor, Creative Playhouse Kids, China Village, Cell Phone Repair, Edward D. Jones, Tanner Lakes Animal Clinic, Neat Cleaners, Thailandia Massage, and Dr. Shehnaz M. Shirazi, DDS. The center was originally constructed in 1999 and is situated on 2.1 acres with ample paved parking. The subject property has two large double-sided monument signs, providing additional exposure to the center. Lakes on Eldridge Center is located at the signalized, hard corner intersection of North Eldridge Parkway and Tanner Road and is easily accessible from multiple ingress and egress points. Cumulative traffic counts exceed 50,400 vehicles per day. Nearby national and regional retailers include Jack in the Box, CVS, Kroger, FedEx, McDonald's, Bank of America, LA Fitness and many others. The subject property is also in close proximity to major employers such as Toshiba International Corporation, providing a daytime employment population of approximately 148,712 people within a five-mile radius.