8888 Metropark DrShenandoah, TX 77385

For Sale
Call for price

High-Occupancy Retail Center in Shenandoah, TX

Overview

Added:
Dec 11, 2024
Days on market:
93
Metropark Square, a thriving 133,956 square foot shopping center in Shenandoah, Texas, boasts 98.9% occupancy. Built in 2019 on an 11.09-acre lot, this multi-tenant retail property enjoys prime visibility along Interstate 45 North, a major thoroughfare with over 170,000 vehicles daily. The center benefits from a strong tenant mix, with over 50% dedicated to experiential retail and unique services resistant to e-commerce impacts, and an additional 20% comprised of diverse restaurants. The property is situated within a high-growth area, experiencing a 16% population increase since 2020, and boasts average household incomes exceeding $130,000 within a 3-mile radius. This location is part of The Woodlands, a nationally recognized master-planned community consistently ranked among the best places to live and raise a family. The property's strategic location and tenant mix provide a compelling investment opportunity in a rapidly expanding market. The surrounding area includes a luxury mixed-use development with residential and hospitality components, further enhancing the property's value and appeal. This includes a significant anchor tenant, a state-of-the-art AMC Theatre featuring premium amenities like IMAX and Dolby Cinema. The development also includes a large Dave & Buster's and a Hyatt House hotel. The property's success is further underscored by its location within a thriving community known for its high quality of life and strong economic indicators.

Highlights

  • 133,956 square foot shopping center with 98.9% occupancy.
  • Prime I-45 North location with over 170,000 vehicles daily.
  • Strong tenant mix: 50%+ experiential retail, 20%+ diverse restaurants, resistant to e-commerce.
  • High-growth area with 16% population increase since 2020 and average household incomes exceeding $130,000 within a 3-mile radius.
  • Located in The Woodlands, a top-ranked master-planned community.

Property Details for 8888 Metropark Dr

Property type
Lifestyle centers, Power centers
Square Feet
133,956 SF
Year Built
2019
Lot Size (sq. ft)
483,080 SF

Location Insight

City
Shenandoah
County
Montgomery
State
Texas
Latitude
30.1949424
Longitude
-95.4530013
8888 Metropark Dr, Shenandoah, Texas

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8888 Metropark Dr
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