Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 100% leased 19,523-square-foot two-tenant parcel of the Ravenwood Village Shopping Center located in Huntsville, TX. Five Below and Popshelf are both national retailers on triple net leases with over seven years remaining on term. Each store has multiple renewal options with rental increases in each term. The subject property is an exciting opportunity for both new and experienced investors to add a fully stabilized asset with no operating expenses to their portfolio. The subject property is a parcel of the Ravenwood Shopping Center. It is surrounded by national retailers such as Academy Sports and Outdoors, Target, Kroger, Marshalls, Ross Dress for Less, Dollar Tree, Petco, and others. There are also a number of popular restaurants around the property such as Chick-fil-A, Whataburger, Raising Cane's, Panda Express, Freddy's Steakburgers and Olive Garden. The stores have excellent visibility from I-45 which has over 54,824 vehicles per day. Both stores see over 155,000 visitors a year and Popshelf is ranked in the top 95% of stores nationwide. Ravenwood Village is ranked in the top 80% of shopping centers nationwide and sees over 3.7M visitors a year. The property is located directly next to the recently approved Legacy Pines Community Development. Spanning over 1,140 acres, the master-planned development will feature multiple residential areas, a greenbelt, a championship golf course, and a historic towne green with an activity center. The population is projected to see a 8.12-9.30% growth over the next five years. It is also within close proximity to the Reverend C.A. Holliday Transfer and Correctional Facility with a total of 435 staff members. Huntsville, TX is situated directly on Interstate Highway 45, which connects Dallas and Houston. College Station, home of Texas A&M is directly west of Huntsville and is easily accessible via State Highway 30. Huntsville is home to Sam Houston State University, which had an enrollment of 21,000 students in the fall of 2024.