Centre at Kings Lake
Value-Add Retail Opportunity in Desirable Houston, TX MSA
NAI Global, in conjunction with RealINSIGHT Martketplace, is pleased to present the opportunity to acquire Centre at Kings Lake (the “Property” or ”Building” or “Center”), a one-building, one-story neighborhood center located in Humble, Texas, approximately 25 miles northeast of downtown Houston. The Property is highly accessible and well located along West Lake Houston Parkway, a major north-south thoroughfare in the Kingwood area.
Centre at Kings Lake is a 20,948 square foot neighborhood center constructed in 2005. The Property is currently 55.9% occupied by six tenants, and has four available suites ranging in size from 1,377 square feet to 4,505 square feet. The Center enjoys strong tenancy with three of the existing tenants occupying their space since before 2010. Notable tenants include Fiesta Azteca Restaurant, which occupies 4,505 square feet, and Edible Arrangements, which occupies 1,362 square feet. Other tenants include Goodwill, Sammy’s Salon and Spa, NewTex Wine and Spirits, and Dong Tang Nail Salon.
♦ Significant value-add potential in highly desirable metro area
♦ Strong, long-term tenancy with established customer base
♦ Above-average demographics with exceptional growth forecasted at 8.5% through 2023 and income levels that average twice the national figures
♦ Extremely tight retail market with vacancy rates under 2% and limited new supply
Property Tours will be conducted on the following dates:
• Friday, July 13th
• Friday, July 20th
Please contact the investment sales broker to schedule a time slot.
Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.
Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.
You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
20669 W Lake Houston Parkway, Humble, TX 77346
Platform fee for this transaction is 5.00% or a minimum of $25,000.
Lamar P. Fisher
Fisher Auction Company Inc.