Investment Overview

Shoppes at Highway 6 is comprised of three multi-tenant retail buildings totaling 25,415 square feet of gross leasable area, positioned in front of Walmart Supercenter and located in a densely populated area of Houston, Texas. The center is currently 100 percent leased, and all leases are triple-net. The tenant base is a complementary mix of internet-resistant, service-oriented businesses, including Power Smokers, Total by Verizon, Pizza Hut, Paddy's Point Natural Fruit Juice and Yogurt Bar, A-Max Insurance Services, Lovett Dental, Family Clinic, HAHA Tech Appliances Center, The UPS Store, Suya on the Spot Restaurant, Mattress Maniac, and Eyeland Vision. Constructed in 2003, the center is situated on a 2.53-acre parcel with ample paved parking. The subject property has three large double-sided monument signs positioned at the property entrance points, providing additional exposure to the center. Shoppes at Highway 6 is located along Highway 6 South with traffic counts exceeding 75,733 vehicles per day. The property is easily accessible from multiple ingress and egress points. Shadow-anchored by Walmart, other nearby national and regional retailers include ALDI, Boost Mobile, The Home Depot, Dunkin, Red Lobster, Olive Garden, Goody Goody Liquor, Verizon, Goodwill, Floor & Décor, Sherwin-Williams, Starbucks, Best Buy, Ross Dress for Less, H-E-B, Harbor Freight, and many others. The subject property is also in close proximity to The Shell Technology Center-Houston, a 500,000-square-foot campus working to advance the research, development and commercialization of new technologies. The surrounding area benefits from a strong daytime employment population of approximately 111,099 within a five-mile radius. The surrounding area is densely populated with more than 147,402 residents within three miles and 371,126 residents within five miles having an average household income of $84,419.