Investment Overview

The subject property is a 17,500 square foot multi-tenant retail center located in Spring, Texas along a corridor carrying 41,000 vehicles per day in the northwest Houston submarket. The center is currently 58% occupied, presenting a lease-up opportunity with a clear path to $350,000 in stabilized NOI at a 10.4% pro forma cap rate. The offering includes a 1-acre pad site with additional development potential. The trade area is anchored by strong income and employment fundamentals. Average household income within one mile is $131,243, with 51% of households earning over $100,000 annually. The five-mile population is 292,275 — up 28% since 2010 and projected to reach 302,617 by 2030. Daytime population within five miles totals 260,399, supported by 152,342 area employees across healthcare, engineering, and professional services. Houston Northwest Medical Center, the submarket's largest single employer at 1,600 employees, is located within the trade area.