Retail

Tanglewood Court

5895 San Felipe St, Houston, TX, 77057-3061, US

Executive Summarydownload
Tanglewood Court_Property for Sale

Gallery

Tanglewood Court 2_Property for Sale

Asset description

JLL is pleased to offer to opportunity to acquire Tanglewood Court (the “Property”), a 100% leased, H-E-B grocery anchored shopping center serving Houston’s most affluent and densely populated neighborhoods. The permanence of the location is solidified by access to the city’s best public and private schools, premier retail destinations, the vibrant Galleria/Uptown business district, and top parks and recreation sites such as Memorial Park and Houston Country Club.


Developed in 2014, Tanglewood Court is comprised of 125,500 SF with a 7.1 Year weighted average remaining lease term. The Property is situated on an irreplaceable 12.1 acre urban in-fill site, and is one of the largest land assemblages within the area. Located in the Galleria/Uptown submarket, the Property also draws from a day time population of more than 200,000 residents, employees and visitors. Tanglewood Court offers investors the unique opportunity to own an H-E-B anchored retail center in Urban Houston while enjoying the security of stable income, steady contractual rent increases, and long-term wealth preservation underpinned by a 12.1 acre land assemblage within Houston’s most sought after residential neighborhoods and business district.


Ownership is also currently marketing Pasadena Plaza, a 76,000 square foot Vons grocery-anchored shopping center in Pasadena, CA. Investors interested in more information on this property can contact Robb Wehmueller at Eastdil Secured (415-228-2850; rwehmueller@eastdilsecured.com)

Attributes

Building area Net
125,500 sf
Occupancy
100.00%
Year built
2014
Land area Net
12.05 acres (524,680 sf)

Investment highlights

  • EXCEPTIONALLY STRONG DEMOGRAPHICS, HOME VALUES AVERAGING $825,000 WITHIN A 3-MILE RADIUS
  • COMPLEMENTARY NATIONAL TENANT MIX
  • SITUATED IN THE GALLERIA/UPTOWN SUBMARKET, HOUSTON’S PREMIER SHOPPING DESTINATION & BUSINESS DISTRICT
  • #5 RANKED NEIGHBORHOOD CENTER ACROSS HOUSTON
  • 12.1 ACRES SITE PROVIDES OPPORTUNITY TO VERTICALLY DEVELOP IN THE FUTURE
Tanglewood Court 4_Property for Sale
Tanglewood Court 4_Property for Sale

Contact brokers

Similar properties

View moreChevron Right
Do you have any questions? Visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Sep 15, 2022