14555 Lake Houston PkwyHouston, TX 77044

For Sale
Call for price

Houston Retail Center: High-Growth Area, Below Market Rents

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 13,500-square-foot retail storefront, built in 2019, is ideally situated on a prominent hard corner lot in Houston, Texas. Located at 14555 W Lake Houston Pkwy, in Harris County, zip code 77044, this core investment opportunity sits on a two-acre parcel. The property boasts significant upside potential due to below-market rents, currently averaging approximately 12% below market value. A key advantage is that only 50% of the current tenants have lease options upon expiration, presenting a substantial opportunity for future rent increases. The surrounding area has experienced remarkable growth, with a 112% population increase within a one-mile radius since 2010, indicating a strong and expanding customer base. This prime location at the hard corner of W Lake Houston Parkway and Summer Lake Ranch Drive ensures high visibility and accessibility for businesses. The property's modern construction and strategic location make it an attractive investment for discerning buyers seeking a high-return retail asset in a rapidly growing market. This is a rare chance to acquire a well-positioned retail center with significant potential for immediate and long-term value appreciation.

Highlights

  • Significant population growth of 112% within a one-mile radius since 2010.
  • Substantial lease-up opportunity with 50% of leases expiring soon.
  • Below-market rents offer immediate value-add potential (approx. 12% below market average).
  • High-visibility location at the hard corner of Summer Lake Ranch Dr and W Lake Houston Pkwy.

Property Details for 14555 Lake Houston Pkwy

Property type
Other retail properties, Individual retail properties
Square Feet
13,500 SF
Year Built
2019
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.9374302
Longitude
-95.1766905
14555 Lake Houston Pkwy, Houston, Texas

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14555 Lake Houston Pkwy
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