Documents
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Key facts
| Year Built | 1970 |
| Building Area Gross |
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| Land Area Gross |
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| Occupancy | 46.54 % |
| Call for Offers | 2022-05-19 |
Property description
Jones Lang LaSalle (“JLL”), on behalf of the owner, is pleased to present the opportunity to purchase the NWQ of Westheimer Road and Fondren Road. This ±5.99-acre site is conveniently located in the heart of Briarmeadow neighborhood. Located within four miles of Galleria shopping , dining and nightlife attractions, this site is in a highly desirable area with unlimited opportunities. With egress and ingress off Fondren and Westheimer, the site has great accessibility.
Investment highlights
- Currently 46.5% leased, buyers can quickly add value via the lease-up of the vacant box space which will drive significant leasing momentum throughout the rest of the center
- Premier Westheimer retail corridor at one of the highest traffic intersections in West Houston with a combined 78,270 VPD
- High quality neighboring retailers including Target, Walmart, and Home Depot
- Dedicated tenancy with a weighted average tenure of 11.3 years
- Densely populated submarket boasting 226,552 residents within a 3-mile radius
- Located at the gateway to the affluent Memorial neighborhood with an average household income of $101,454 within a 5-mile radius
Similar Properties
View moreThe value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.
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https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation
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