Sugar Land Retail Center
2600 Cordes Dr, Sugar Land, TX 77479
For Sale
Contact for pricing
Fully occupied retail center in Sugar Land, TX for sale.
Property Size14,768 SF
Price / SF$352.04
Days on Market259
Property Features for 2600 Cordes Dr
General Information
Standard status
Size
Class
Property subtype
Occupancy
Lease Type
Net Operating Income
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Tenancy
Listing Agency:
Oliver Partners
Listed By:
Karl Oliver · License TX #732167
(281) 223-5031
Source:
Crexi
Added: Feb 25
Changed: Nov 8
Last Checked: Nov 8 at 6:26AM
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 Oliver Partners
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Investment Insights
Based on property information with market context.
Located in Sugar Land, TX, 2600 CORDES DR. is a 14,768 square foot retail center. The property is offered for sale at $5.2 million and features a CAP rate of 6.47%. The property is currently 100% occupied, generating a Net Operating Income of $336,598. The property benefits from long-term leases and a NNN lease structure. The property is professionally managed and is located near major retailers, dining establishments, healthcare facilities, and entertainment venues.
Key Highlights
- High CAP Rate: 6.47% provides a strong return on investment
- 100% Occupancy: Generates immediate and consistent cash flow
- Net Operating Income: $336,598 annual income demonstrates profitability
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$171,191
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,423,820
$3.4M
Cap Rate 7%
$2,445,586
$2.4M
Cap Rate 9%
$1,902,122
$1.9M
Market Conditions
NOI Build-Up for 14,768 SF
Gross rent
$265.8K $18.00/SF
− Vacancy
−$21.3K −$1.44/SF
EGI
$244.6K $16.56/SF
− OpEx
−$73.4K −$4.97/SF
NOI
$171.2K $11.59/SF
Area
Sugar Land, TX
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,423,820
Cap Rate 7%
$2,445,586
Cap Rate 9%
$1,902,122
Alternative Uses
Best Use
Retail
$2.45M
$2.14M – $2.85M
NOI $171,191 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.83M
$2.47M – $3.30M
NOI $197,773 @ 7.0% cap · market cap 3.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,965
Businesses Nearby
527k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Apparel 37%
Home Improvements & Furnishings 9%
Shops & Services 9%
Chick-fil-A
Dining
54,844 visits/mo
0.4 miles
Marshalls
Apparel
54,819 visits/mo
0.3 miles
Nordstrom Rack
Apparel
45,184 visits/mo
0.3 miles
The Cheesecake Factory
Dining
38,116 visits/mo
0.5 miles
HomeGoods
Home Improvements & Furnishings
37,689 visits/mo
0.2 miles
Demographics for 77479, TX
93,180
Population
30,680
Households
3
Avg Household Size
41
Median Age
68%
College-Educated
96%
High-School Grad
32.7 sq mi
ZIP Area
2,850
Density / Sq Mi
$162,381
Median Household Income
$73,630
Median Earnings
$1,997
Median Rent
$462,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Shopping centers in Fort Bend County
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Lexington Square — 16525 Lexington Blvd, Sugar Land, TX 77479
- Impression & Co. — 16535 Southwest Fwy #220, Sugar Land, TX 77479
- lovette — 3320 Hwy 6, Sugar Land, TX 77479
- Sunglass Hut at Macy's — 16511 Southwest Fwy, Sugar Land, TX 77479
- Sunglass Hut — 16535 Southwest Fwy # 3005, Sugar Land, TX 77479
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail center in Sugar Land, TX for sale.
Where is this shopping center located?
The property is located at 2600 Cordes Dr Sugar Land, TX.
What is the asking price?
The asking price for this property is $5,199,000.
What are key features of this property?
This property features: High CAP Rate: 6.47% provides a strong return on investment; 100% Occupancy: Generates immediate and consistent cash flow; Net Operating Income: $336,598 annual income demonstrates profitability
