Innova Greenway_Property for Sale
Innova Greenway_Property for Sale
3839 Weslayan St, Houston, TX, 77027-6857, US

Innova Greenway

Asset Description

JLL Institutional Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire Innova Greenway (the “Property”) which includes 155,895 rentable square feet of experiential retail and a 2,200 parking garage in the heart of the River Oaks submarket in Houston, Texas. Innova Greenway is currently 89% leased to Edwards Theater (a Regal Theater) and Holey Moley (a FunLab concept) with 10.5 years of weighted average lease term. The stable income stream provides over $60 million in remaining contractual revenue with one of the top performing Regal Theaters in the country.

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Attributes

Occupancy
89%
Year built
1999
Land area net
4.42 acres

Media

Investment Highlights

  • IRREPLACEABLE LOCATION WITH UNPARALLELED DEMOGRAPHICS
  • OVER $60M OF DURABLE CONTRACTUAL REVENUE FROM 10.5 YEAR WALT OF EDWARDS CINEMA AND PARKING GARAGE
  • NEAR-TERM $10M CAPITAL INFUSION FOR THEATER RENOVATIONS
  • LONG TERM COVERED LAND PLAY FOR MIXED-USE DEVELOPMENT OPPORTUNITY AT A COMPELLING BASIS

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Innova Greenway (0 Properties)

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Last updated
31 Jan 2024