Little York Road 1409, Houston, TX, 77093, US

Little York Plaza

Asset Description

JLL is pleased to present Little York Plaza, a 114,982-grocery anchored asset in the Near North submarket of Houston. The Property is located immediately along Hardy Toll Rd (41,370 VPD) and Little York Rd (25,261 VPD) in a heavily underserved retail submarket. Little York presents a unique opportunity to capitalize on significantly below-market rents (23% below market averages) on an asset with 16+ years of weighted average tenure. The Property is positioned to capture the growth of the Hardy Acres submarket, a thriving and developing community that has seen recent growth.

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Attributes

Building area net

10,682 m²

Land area gross

5 ha

Occupancy

98.3%

Year built

1997

Parking spaces

442

Media

Investment Highlights

Significant growth potential via 23.3% mark-to-market opportunity
Hispanic grocer anchor with 30+ years of tenure, acquired by the La Michoacana Brand
Diverse tenant mix tailored to serve the immediate population
Potential for additional upside through pad site development