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Open-Air Shopping Center
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12850 Memorial Drive, Houston, TX 77024

Open-air shopping center on Beltway 8 frontage road with lifestyle retail tenants in a park-like setting.

Property Size1,801 SF
Days on Market1060

Property Features for 12850 Memorial Drive

General Information

Standard status Active
Size 1,801 SF
Property subtype RETAIL

Site & Location

Highway Access Yes
Road Access Yes
Listing Agency: Streetwise Retail Advisors
Listed By: Ed James
Source: Moodyscre
Added: Sep 8, 2023 Changed: Jul 31 Last Checked: Aug 1 at 12:34PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Streetwise Retail Advisors

Investment Insights

Based on property information with market context.

Town & Country Village is an open-air shopping center in western Houston, set in a park-like setting. The center features a collection of national and local lifestyle tenants, supporting an active retail environment within the complex.

The property straddles the northbound frontage road of Beltway 8, positioned north of Memorial Drive and south of CityCentre. It is located within an area described as high density and high traffic, and it sits near an adjacent city center development that includes office, residential, and hotel amenities.

The property is listed for rent and has a stated size of 1,801 SF.

Key Highlights

  • Open‑air shopping center in a park‑like setting
  • Straddles the northbound frontage road of Beltway 8
  • Positioned north of Memorial Drive and south of CityCentre

Property Analytics

Current Use

Alexis McCarty, REALTOR Real Estate Agency Chico's Clothing & Fashion Store francesca's Clothing & Fashion Store Williams-Sonoma (Bike/Boat/Book/etc) Store Trudy's Hallmark Shop (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store Hair Salon Barber Shop Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,590
Businesses Nearby
Well-served
Demand for This Use

Demographics for 77024, TX

39,565
Population
18,599
Households
2.1
Avg Household Size
43
Median Age
76%
College-Educated
98%
High-School Grad
13.0 sq mi
ZIP Area
3,043
Density / Sq Mi
$142,039
Median Household Income
$79,144
Median Earnings
$1,796
Median Rent
$1,164,400
Median Home Value

Market

Lease Benchmarks for Houston, TX

$17.2 /SF/Yr
Avg Asking Price
$8–$33 /SF/Yr
Price Range
36,600 SF
Avg Space Size

Vacancy Rate% for Retail in Houston, TX

6.9% 2019
8.2% 2020
7.6% 2021
6.4% 2022
6% 2023
6.6% 2024
6.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Open-air shopping center on Beltway 8 frontage road with lifestyle retail tenants in a park-like setting.
Where is this shopping center located?
The property is located at 12850 Memorial Drive Houston, TX.
What are key features of this property?
This property features: Open‑air shopping center in a park‑like setting; Straddles the northbound frontage road of Beltway 8; Positioned north of Memorial Drive and south of CityCentre
(713) 773-5508 Call to check price and availability
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