Kirby Shopping Center
5802 Kirby Drive, Houston, TX, 77005, US
851 m²
Asset Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in the brand-new Sprouts Farmers Market located at 19150 W Belfort in Richmond, Texas (“Property” or “Asset”). Sprouts will operate on a NN lease with 15.0-years of primary lease term, $1.50/SF rent escalations every 5 years and four, five-year renewal options.
This unique opportunity allows investors the ability to acquire long-term passive income stream from a popular national grocery chain with high value intrinsic real estate in one of Houston’s fastest growing submarkets.
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Attributes
Asking price
CN¥82,628,000
Cap rate
5.85%
NOI
CN¥4,836,000
WAULT
15 years
Building area net
2,161 m²
Land area gross
1.74 ha
Year built
2025
Media
Investment Highlights
- Brand new 15.0-year NN lease with $1.50/SF bumps every 5 years
- Sprouts Farmers Market is one of the largest and fastest growing natural goods grocery store chains
- Anchors Waterview Town Center 134-acre master retail development & top 4% shopping center
- Adjacent to Aliana, Houston's 7th top selling master-planned community
- Incredible demand characteristics driven by a 1-mile AHHI of $132K and 226% population growth since 2010
- Fort Bend County expected to swell to 2.1M people over next 30 years
Contact brokers
Sprouts Farmers Market - Richmond, TX (0 Properties)
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Last updated
17 Jun 2025
