Leased Shopping
For Sale
Contact for pricing
Pending
16855 North Freeway, Houston, TX 77090
The center includes established retail tenancy and a pylon sign along the I-45 N frontage.
Property Size5,800 SF
Days on Market138
Property Features for 16855 North Freeway
General Information
Standard status
Pending
Size
5,800 SF
Property subtype
Retail
Occupancy
100%
Site & Location
Pylon Signage
Yes
Traffic Count
258,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
7.75%
Amenities
gated entrance
Building Details
Year Built
2002
Year Renovated
2006
Tenancy
Single
Listing Agency:
Cypressbrook Company
Listed By:
Denise Ksiazek · License #TX 548488
Source:
Crexi
Added: Apr 16
Changed: Aug 30
Last Checked: Aug 30 at 10:06PM
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 Cypressbrook Company
Investment Insights
Based on property information with market context.
This 5800 SF retail center was built in 2002 and renovated in 2006. The property is 100% leased to Katz Boutique, an established lingerie retailer founded in 2003 with 9 Houston locations. The lease expires on 8/15/22 and includes two 5 Year options to renew. The offering carries a 7.75 CAP rate.
The center sits on the southbound I-45 feeder just south of FM 1960, before the entrance ramp, with 150’ of frontage on I-45 N. Traffic counts are reported at 258,000 vehicles per day on I-45 and 55,030 vehicles per day on FM 1960. Property features include a pylon sign and gated entrance, with access to Exxon Campus, The Woodlands, Spring, Grand Parkway, Hardy Toll Rd. and Bush Intercontinental Airport.
The center sits on the southbound I-45 feeder just south of FM 1960, before the entrance ramp, with 150’ of frontage on I-45 N. Traffic counts are reported at 258,000 vehicles per day on I-45 and 55,030 vehicles per day on FM 1960. Property features include a pylon sign and gated entrance, with access to Exxon Campus, The Woodlands, Spring, Grand Parkway, Hardy Toll Rd. and Bush Intercontinental Airport.
Key Highlights
- 5800 SF retail center built in 2002 and renovated in 2006
- 100% leased to Katz Boutique, founded in 2003 with 9 Houston locations
- 7.75 CAP rate with lease expiration on 8/15/22
Property Analytics
Property Profile
Current Use
Lease Details
258,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,268
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77090, TX
42,285
Population
19,076
Households
2.2
Avg Household Size
30
Median Age
25%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
4,917
Density / Sq Mi
$48,196
Median Household Income
$35,936
Median Earnings
$1,228
Median Rent
$235,500
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
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Frequently Asked Questions
What type of property is this?
Shopping center - The center includes established retail tenancy and a pylon sign along the I-45 N frontage.
Where is this shopping center located?
The property is located at 16855 North Freeway Houston, TX.
What are key features of this property?
This property features: 5800 SF retail center built in 2002 and renovated in 2006; 100% leased to Katz Boutique, founded in 2003 with 9 Houston locations; 7.75 CAP rate with lease expiration on 8/15/22
