Skip to main content

Shopping Strip

Shadowbriar Shopping Center

12303 Westheimer Rd, Houston, TX 77077

Listing Price: $5,500,000

Cap Rate
6.90%
Gross SF
16,400
Rentable SF
16,267
Price/Gross SF
$335.37
Lot Size
1.44 acres
Year Built
2001

Investment Overview

Marcus & Millichap is pleased to offer Shadowbriar Shopping Center for sale on Westheimer Road in Houston, Texas. The subject property consists of approximately 16,267 square feet located at the southeast corner of Shadowbriar Drive and Westheimer Road at a major signalized intersection in West Houston. The subject property is situated fronting on the south side of Westheimer Road just west of South Kirkwood Road where Lowe's, Walmart Supercenter, and HEB Grocery Store are located. The subject property is encompassed within the Shadowbriar subdivision and ties to the Shadowbriar school system. In addition, the property offers easy access to Beltway 8, 3.3 miles to the east and Highway 6, 2.9 miles to the west. The area is extremely dense boasting 76,881 households within a 3-Mile Radius of the property and the average household income is $93,880, respectively. The population density is impressive with a population of 185,333 in a 3-mile radius and 459,820 in a 5-mile radius. There are two access driveways on Westheimer and one on Shadowbriar which allow easy ingress and egress. The center was built in 2001 and renovated in 2013 and is 100 percent occupied with a prime end-cap space to be master-leased for 2 years at close of escrow (base rent and NNN reimbursements paid by Seller) while the new Buyer can find a new tenant during the 2-year time period. Tenants reimburse for all triple net expenses including management fee. There are four tenants with base rental increases in their primary terms and the leases have staggered expirations. The tenants comprise a complimentary mix of e commerce resistant, medical, and destination oriented, service retail tenants including small restaurants such as the iconic "Double Dave’s Pizzaworks and Aria Persian Grill. Access to the Galleria area is only eight miles away via Westheimer. Immediately to the east of the property is a Lowe’s, Walmart Supercenter and HEB Grocery store. A short distance to the west is a massive development that includes Target, Sam’s Club, and TJ Maxx to name a few. An investor can achieve over an 8 percent cash on cash return in Year 1 by capitalizing on the base rental increases by procuring a new loan thru Marcus & Millichap Capital Corporation and also have the assurance with a comfortable 1.73 Debt Coverage Ratio. In 2021, traffic counts on Westheimer near the site were approximately __________ according to the City of Houston. The subject property offers an attractive opportunity for a buyer seeking a stabilized retail center in an irreplaceable signalized intersection in one of busiest thoroughfares in the City.

Investment Highlights

  • Signalized Intersection On High-Traffic Westheimer Thoroughfare I Barrier to Entry Location I Trophy Asset
  • Attractive Base Rental Increases In Primary Lease Terms I NNN Leases
  • High Quality Service-Oriented Tenants I Prime Demographics-185,333 Population In 3-Mile Radius

Exclusively Listed By

Financing By

Shopping Strip

Shadowbriar Shopping Center

Listing Price: $5,500,000

Cap Rate
6.90%
Gross SF
16,400
Rentable SF
16,267
Price/Gross SF
$335.37
Lot Size
1.44 acres
Year Built
2001

Investment Highlights

  • Signalized Intersection On High-Traffic Westheimer Thoroughfare I Barrier to Entry Location I Trophy Asset
  • Attractive Base Rental Increases In Primary Lease Terms I NNN Leases
  • High Quality Service-Oriented Tenants I Prime Demographics-185,333 Population In 3-Mile Radius

Investment Overview

Marcus & Millichap is pleased to offer Shadowbriar Shopping Center for sale on Westheimer Road in Houston, Texas. The subject property consists of approximately 16,267 square feet located at the southeast corner of Shadowbriar Drive and Westheimer Road at a major signalized intersection in West Houston. The subject property is situated fronting on the south side of Westheimer Road just west of South Kirkwood Road where Lowe's, Walmart Supercenter, and HEB Grocery Store are located. The subject property is encompassed within the Shadowbriar subdivision and ties to the Shadowbriar school system. In addition, the property offers easy access to Beltway 8, 3.3 miles to the east and Highway 6, 2.9 miles to the west. The area is extremely dense boasting 76,881 households within a 3-Mile Radius of the property and the average household income is $93,880, respectively. The population density is impressive with a population of 185,333 in a 3-mile radius and 459,820 in a 5-mile radius. There are two access driveways on Westheimer and one on Shadowbriar which allow easy ingress and egress. The center was built in 2001 and renovated in 2013 and is 100 percent occupied with a prime end-cap space to be master-leased for 2 years at close of escrow (base rent and NNN reimbursements paid by Seller) while the new Buyer can find a new tenant during the 2-year time period. Tenants reimburse for all triple net expenses including management fee. There are four tenants with base rental increases in their primary terms and the leases have staggered expirations. The tenants comprise a complimentary mix of e commerce resistant, medical, and destination oriented, service retail tenants including small restaurants such as the iconic "Double Dave’s Pizzaworks and Aria Persian Grill. Access to the Galleria area is only eight miles away via Westheimer. Immediately to the east of the property is a Lowe’s, Walmart Supercenter and HEB Grocery store. A short distance to the west is a massive development that includes Target, Sam’s Club, and TJ Maxx to name a few. An investor can achieve over an 8 percent cash on cash return in Year 1 by capitalizing on the base rental increases by procuring a new loan thru Marcus & Millichap Capital Corporation and also have the assurance with a comfortable 1.73 Debt Coverage Ratio. In 2021, traffic counts on Westheimer near the site were approximately __________ according to the City of Houston. The subject property offers an attractive opportunity for a buyer seeking a stabilized retail center in an irreplaceable signalized intersection in one of busiest thoroughfares in the City.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower