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Shopping Strip

Riverpointe Center

5400 Pointe W Cir, Richmond, TX 77469

Listing Price: $5,625,000

Cap Rate
6.26%
Gross SF
10,766
Rentable SF
10,766
Price/Gross SF
$522.48
Lot Size
1.00 acres
Year Built
2018

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale Riverpointe Center, located at 5400 Pointe West Circle in Richmond Texas. This Class A shopping center was built in 2018 and features 10,766 square feet of leasable area and is 100 percent occupied with long-term leases. Riverpointe Center is shadow-anchored by Memorial Hermann Sugar Land Hospital, a 179-bed acute care facility which boasts total patient revenue of $1,053,993,793 per year. The property’s irreplaceable location benefits from excellent visibility from U.S. 69 (Southwest Freeway) exposed to over 97,000 vehicles per day and State Highway 99 (The Grand Parkway) exposed to over 34,000 vehicles per day. Riverpoint Center is 500 feet from the Riverpark Shopping Center, a regional shopping center with anchors including: H-E-B, LA Fitness, Chick-fil-A, Walgreens, Dollar Tree, Chipotle, and more. Riverpoint Center offers an investor a year one CAP rate of 6.26 percent and a cash-on-cash return of 7.03 percent with proposed debt service. The property’s year two scheduled CAP rate is 6.6 percent and cash-on-cash return is 8.38 percent with proposed debt service. Riverpointe Center is a stabilized investment featuring strong tenants with extensive buildouts, including Wingstop (a top performing store in Greater Houston), Doner & Gyros (seasoned operator), Basecamp Fitness (rapidly growing national franchise fitness chain), and more.

Investment Highlights

  • Shadow-Anchored by Memorial Hermann Sugar Land Hospital
  • Excellent Visibility from Southwest Freeway (97,100 Vehicles Per Day) & Grand Parkway (34,180 Vehicles Per Day)
  • Average Lease Term Remaining of 5+ Years
  • Average Household Income of $150,045 Annually
  • Stabilized Property With Cash-on-Cash Return of 7%+ Year 1 and 8.25%+ Year 2

Exclusively Listed By

Financing By

Shopping Strip

Riverpointe Center

Listing Price: $5,625,000

Cap Rate
6.26%
Gross SF
10,766
Rentable SF
10,766
Price/Gross SF
$522.48
Lot Size
1.00 acres
Year Built
2018

Investment Highlights

  • Shadow-Anchored by Memorial Hermann Sugar Land Hospital
  • Excellent Visibility from Southwest Freeway (97,100 Vehicles Per Day) & Grand Parkway (34,180 Vehicles Per Day)
  • Average Lease Term Remaining of 5+ Years
  • Average Household Income of $150,045 Annually
  • Stabilized Property With Cash-on-Cash Return of 7%+ Year 1 and 8.25%+ Year 2

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale Riverpointe Center, located at 5400 Pointe West Circle in Richmond Texas. This Class A shopping center was built in 2018 and features 10,766 square feet of leasable area and is 100 percent occupied with long-term leases. Riverpointe Center is shadow-anchored by Memorial Hermann Sugar Land Hospital, a 179-bed acute care facility which boasts total patient revenue of $1,053,993,793 per year. The property’s irreplaceable location benefits from excellent visibility from U.S. 69 (Southwest Freeway) exposed to over 97,000 vehicles per day and State Highway 99 (The Grand Parkway) exposed to over 34,000 vehicles per day. Riverpoint Center is 500 feet from the Riverpark Shopping Center, a regional shopping center with anchors including: H-E-B, LA Fitness, Chick-fil-A, Walgreens, Dollar Tree, Chipotle, and more. Riverpoint Center offers an investor a year one CAP rate of 6.26 percent and a cash-on-cash return of 7.03 percent with proposed debt service. The property’s year two scheduled CAP rate is 6.6 percent and cash-on-cash return is 8.38 percent with proposed debt service. Riverpointe Center is a stabilized investment featuring strong tenants with extensive buildouts, including Wingstop (a top performing store in Greater Houston), Doner & Gyros (seasoned operator), Basecamp Fitness (rapidly growing national franchise fitness chain), and more.

Exclusively Listed By

Financing By

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