Descrição

Jones Lang LaSalle (“JLL”) is pleased to offer Stables Town Center (“The Property”), an exceptional 148,045-square-foot retail center anchored by Kroger and strategically located at the hard corner of Spring Cypress Road and Champion Forest Drive. Positioned just 2.5 miles from Highway 249 in the thriving Champions Forest submarket, this property serves as a cornerstone retail destination for Northwest Houston’s affluent communities.

Operating at 93% occupancy, the center draws more than 2.5 million visitors annually, leveraging superior visibility and accessibility within Northwest Houston’s most desirable residential areas. The Kroger anchor enjoys an optimal neighborhood position, providing essential services to the surrounding community. The property maintains a diversified tenant portfolio spanning grocery, dining, and service providers, with 8.2 years of average tenure.

Strong market fundamentals support the asset, including a 22% population increase since 2010 in the surrounding area. The investment offers attractive returns with a 5.0% five-year CAGR and opportunities to enhance the asset through strategic lease renewals and mark-to-market upside. Stables Town Center represents an outstanding opportunity to acquire a grocery anchored retail property with significant growth potential in one of Northwest Houston’s premier growth corridors, delivering both stable income and substantial value creation prospects.

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