
Kirby Shopping Center
5802 Kirby Drive, Houston, TX, 77005, US
851 m²
Jones Lang LaSalle ("JLL") is proud to exclusively present Commerce Square (the "Property"), a premier 150,459 square foot grocery anchored center in Brownwood, TX with 100% occupancy. Commerce Square features an impressive national tenant roster and retail mix including TJ Maxx, Burkes Outlet, Aldi, and Boot Barn, all secured with below-market rents providing substantial upside opportunity. Current in-place rents, sitting 32% below market value, position investors to capture impressive growth with a projected 5.28% 7-year CAGR. As the highest-trafficked retail destination in Brownwood, the Property also offers two future pad development opportunities on Commerce Street, creating additional imbedded upside for investors seeking both stable cash flow and compelling growth.