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

Open-air retail setting in a park-like complex on a Beltway frontage road in a high-density, high-traffic area.

Property Size7,615 SF
Days on Market1057

Property Features for 12850 Memorial Drive

General Information

Standard status Active
Size 7,615 SF
Property subtype RETAIL
Listing Agency: Streetwise Retail Advisors
Listed By: Ed James
Source: Moodyscre
Added: Sep 8, 2023 Changed: Jul 27 Last Checked: Jul 29 at 3:16PM

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 located in western Houston, presented as a park-like complex. The property supports a mix of national and local lifestyle tenants, positioned to serve the surrounding office, residential, and hotel amenities of the adjacent CityCentre development.

The center straddles the northbound frontage road of Beltway 8, lying north of Memorial Drive and south of CityCentre. It is located in an area characterized as high density with high traffic.

For tenants seeking storefront-oriented retail space within an active, open-air shopping environment, Town & Country Village offers an established retail setting with a surrounding daytime and visitor base tied to adjacent development activity.

Key Highlights

  • Open‑air shopping center in western Houston: Town & Country Village
  • Complex straddles the northbound frontage road of Beltway 8 in the area north of Memorial Drive and south of CityCentre
  • Park‑like setting

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

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 retail setting in a park-like complex on a Beltway frontage road in a high-density, high-traffic area.
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 western Houston: Town & Country Village; Complex straddles the northbound frontage road of Beltway 8 in the area north of Memorial Drive and south of CityCentre; Park‑like setting
(713) 773-5508 Call to check price and availability
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