Kirby Shopping Center
5802 Kirby Drive, Houston, TX, 77005, US
851 sm
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.
...
Attributes
Asking price
₱657,323,000
Cap rate
5.85%
NOI
₱38,470,000
WAULT
15 years
Building area net
2,161 sm
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)
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Jun 17, 2025
