10300 Louetta Rd, Houston, TX, 77070-2121, US

The Vintage Center

Asset description

JLL is pleased to present The Vintage Center, a 29,438 SF retail strip in the Cypresswood Dr submarket of Houston. The property is situated on Louetta Rd, which is a critical retail artery in Northwest Houston with more than 30,000 vehicles per day. Vintage Center presents a unique opportunity to capitalize on significantly below-market rents (17.35% below market averages) on an asset with over 8 years of tenure. The property is positioned to capture the impressive population growth Northwest Houston has been experiencing over the last 13 years; increasing an impressive 29.80% within a 1-mile radius.

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Attributes

Building area net

2,735 sm

Occupancy

100%

Year built

2007

Land area net

1 ha

Media

Investment highlights

The strip is situated on Louetta Rd which is a critical retail artery in Northwest Houston w/ more than 30,000 cars per day
Rents are 17% below market with 8 of 12 tenants expiring without options
Impressive population growth of 29.8% within a one-mile radius since 2010
Average household income within a one-mile radius is $112,054 and is projected to increase 2.6% by 2028
The asset is bookended between Whole Foods and HEB - the #10 ranked HEB in Houston