Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1980
Building Area Gross
Land Area Gross ()
Rentable Area
Occupancy 92.0 %
Call for Offers

Property description

JLL is pleased to offer the opportunity to acquire Shoppes at Kingsgate (the “Property”), a grocery anchored shopping center in the densely populated and affluent Kingwood, TX. The Property is home to a well balanced mix of national and local retailers including ALDI, Dollar Tree, Painted Tree and Tuesday Morning. The 91.9% leased property ideally sits along Kingwood Drive at the main entrance to the Kingwood Master Planned Community with excellent visibility to over 41,000 vehicles per day.

Investment highlights

  • Currently 91.9% leased, purchasers will have the opportunity to increase NOI via lease-up


  • Anchored by national tenants including Dollar Tree, Tuesday Morning and Painted Tree.


  • Grocery anchored by rapidly expanding global grocery brand ALDI which is on track to become the third largest grocer in the U.S. by store count in 2022.


  • Located at the gateway to Kingwood with excellent visibility to over 41,000 vehicles per day along Kingwood Drive, the most heavily trafficked thoroughfare in Kingwood.


  • Stable in-place cash flow with 7.2 years of remaining WALT.


  • Surrounded by the thriving Kingwood community with a 45,975 residents within a 3-mile radius and affluent demographics.


  • The center has captured over 65,000 SF of new leases since the beginning of 2021 Situated in a heavily underserved retail market.


  • Situated in a heavily underserved retail market.
Last Updated Date: 25 Mar 2022

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Last Updated Date: 25 Mar 2022

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