Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Pop-In Westpark Valley, a ground-up convenience retail development located at 14911 Westpark Drive in the West Houston submarket of Houston, Texas. Situated at the signalized intersection of Westpark Drive and Summit Valley Drive, the 1.75-acre site is being developed with a new +/-10,200 SF building projected to deliver in September–October 2026, offering a buyer a rare turnkey, new-construction entry point into a well-established, high-traffic Houston trade area. As a new-build asset, this offering is underwritten entirely on a pro forma basis, with projected stabilized EBITDA of approximately $700,000, supported by projected average monthly fuel volume increasing from 90,235 gallons in Year 1 to 115,932 gallons by Year 3, and projected average monthly convenience store sales growing from $152,115 to $162,306 over the same period — reflecting the trade area's dense, growing population base and ramping retail performance as the asset stabilizes. The property is structured around a diversified three-tenant income mix, anchored by a ±6,000 SF owner-operated convenience store and a ±3,500 SF owner-operated washateria, with the remaining suite available for third-party lease. The convenience store operates under a branded fuel supply agreement priced at Rack + $0.01, supporting predictable fuel margin from opening. The washateria is projected to generate approximately $65,000 per month in sales estimated by Ownership, while the vacant suite is underwritten at $5,500 per month in pro forma rental income, adding a layer of diversification beyond the core fuel and convenience revenue streams. The trade area benefits from strong nearby population density and household income, with 13,066 residents and $54,725 median household income within 1 mile, expanding to 92,120 residents and $66,287 median household income within 3 miles — a dense, growing base of daily consumer demand for fuel, convenience, and everyday retail. Combined intersection traffic at Westpark Drive and Summit Valley Drive totals nearly 16,000 vehicles per day, with Westpark Drive serving as a primary east-west commuter corridor connecting into State Highway 6, reinforcing sustained customer traffic to the site. The opportunity is well suited for an owner-operator or investor seeking a modern, purpose-built facility with multiple income streams and long-term real estate control in a high-demand West Houston corridor.