Shopping Strip

Hawthorne Square

3407 Montrose Blvd, Houston, TX 77006

Listing Price: Request For Offer

Gross SF
14,336
Rentable SF
14,336
Lot Size
1.02 acres
Year Built
1997

Investment Overview

Marcus & Millichap is pleased to offer Hawthorne Square (Property) in central Houston, Texas for your consideration. The Property is improved with a 14,336 square foot shopping center situated on an irreplaceable 1.02 acre signalized corner fronting Houstons famed Montrose Boulevard. Hawthorne Square is 100% leased and all tenants have NNN leases providing full pass through of the Propertys operating expenses. Many of the leases have structured rent increases providing built-in upside and a hedge against inflation.
The Propertys prime inner loop location in Houstons Montrose neighborhood is one of its most exciting features. Montrose is characterized by its central location and diverse collection of art galleries, boutiques, restaurants, and bars. Many of these regularly receive national acclaim, making Montrose the hub of Houstons hip dining and shopping scene. The neighborhoods close proximity to the Texas Medical Center, Downtown Houston, multiple Universities, and the Museum District has spurred key new developments recently, as well.
Across Montrose Boulevard are two new Class-A residential developments that have increased the high-demographic population density to the immediate area. The Hanover Montrose, is a 31-story, 327-unit apartment tower that was completed in 2017, and a joint venture led by Hines is completing the 34-story, 285 unit La Colombe dOr Hotel & Residences at the site of one of Houstons most notable landmarks.
Hawthorne Square provides investors a unique opportunity to acquire a stabilized shopping center in one of Houstons most exciting locations with outstanding prospects for the future.

Investment Highlights

  • 14,336 Square Foot Shopping Center | 1997 Construction
  • 1.02 Acre Signalized Corner Parcel on High Traffic Montrose Boulevard
  • 100% Leased | NNN Leases
  • Major New Residential Towers Adjacent to Property
  • Excellent Demographics | AHI Exceeds $140,500 Within 3-Miles
  • Urban Core Location | Massive Daytime Population Exceeds 655,000 People

Exclusively Listed By

Listing Price: Request For Offer

Gross SF
14,336
Rentable SF
14,336
Lot Size
1.02 acres
Year Built
1997

Investment Highlights

  • 14,336 Square Foot Shopping Center | 1997 Construction
  • 1.02 Acre Signalized Corner Parcel on High Traffic Montrose Boulevard
  • 100% Leased | NNN Leases
  • Major New Residential Towers Adjacent to Property
  • Excellent Demographics | AHI Exceeds $140,500 Within 3-Miles
  • Urban Core Location | Massive Daytime Population Exceeds 655,000 People

Investment Overview

Marcus & Millichap is pleased to offer Hawthorne Square (Property) in central Houston, Texas for your consideration. The Property is improved with a 14,336 square foot shopping center situated on an irreplaceable 1.02 acre signalized corner fronting Houstons famed Montrose Boulevard. Hawthorne Square is 100% leased and all tenants have NNN leases providing full pass through of the Propertys operating expenses. Many of the leases have structured rent increases providing built-in upside and a hedge against inflation.
The Propertys prime inner loop location in Houstons Montrose neighborhood is one of its most exciting features. Montrose is characterized by its central location and diverse collection of art galleries, boutiques, restaurants, and bars. Many of these regularly receive national acclaim, making Montrose the hub of Houstons hip dining and shopping scene. The neighborhoods close proximity to the Texas Medical Center, Downtown Houston, multiple Universities, and the Museum District has spurred key new developments recently, as well.
Across Montrose Boulevard are two new Class-A residential developments that have increased the high-demographic population density to the immediate area. The Hanover Montrose, is a 31-story, 327-unit apartment tower that was completed in 2017, and a joint venture led by Hines is completing the 34-story, 285 unit La Colombe dOr Hotel & Residences at the site of one of Houstons most notable landmarks.
Hawthorne Square provides investors a unique opportunity to acquire a stabilized shopping center in one of Houstons most exciting locations with outstanding prospects for the future.

Exclusively Listed By

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