Grocery-Anchored Shopping
For Sale
$14,741,000
350 Promenade Wy, Sugar Land, TX 77478
The center offers established grocery-store draw alongside a multi-tenant retail setting.
Property Size33,661 SF
Price / SF$437.93
Days on Market8
Property Features for 350 Promenade Wy
General Information
Standard status
Active
Size
33,661 SF
Property subtype
Shopping Strip
Amenities
Shadow-Anchored to a Top-Performing H-E-B Supermarket: Three Million Annual Visits
Priced Below Replacement Cost: $438 Per Square Foot
Attractive Seven Percent Day One Cap Rate
Below Market Rents for Class A New Construction Retail
Desirable Co-Tenants Including Pet Supplies Plus, Wingstop, Hotworx, Sugarland Veterinary Clinic, Southwest Urgent Care, Hertz Rent-A-Car, multiple local restaurants, and more.
Building Details
Building Size
33,661 SF
Year Built
2018
Listing Agency:
Houston Office
Listed By:
Alex Wolansky, CCIM · License #License(s): TX: 702899
(713) 452-4292
Source:
Marcusmillichap
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 7 at 8:27AM
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 Houston Office
Investment Insights
Based on property information with market context.
This shopping center contains 33,661 square feet of leasable area on 5.57 acres and was built in 2018. H-E-B serves as the grocery shadow anchor, drawing approximately three million visits annually and ranking among the top 13% of H-E-B stores nationwide, according to Placer AI.
The property is located off Highway 6 and Highway 90 in Sugar Land. Within three miles, the surrounding area has approximately 95,000 residents and an average household income of $105,000. The reported day-one cap rate is 7.00%.
The property is located off Highway 6 and Highway 90 in Sugar Land. Within three miles, the surrounding area has approximately 95,000 residents and an average household income of $105,000. The reported day-one cap rate is 7.00%.
Key Highlights
- H‑E‑B grocery shadow anchor; approximately 3 million annual visits and a top‑13% nationwide store ranking, per Placer AI
- 33,661 square feet of leasable area on 5.57 acres
- Built in 2018
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77478, TX
24,536
Population
9,168
Households
2.7
Avg Household Size
48
Median Age
59%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
2,454
Density / Sq Mi
$116,205
Median Household Income
$53,388
Median Earnings
$1,751
Median Rent
$378,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - The center offers established grocery-store draw alongside a multi-tenant retail setting.
Where is this shopping center located?
The property is located at 350 Promenade Wy Sugar Land, TX.
What is the asking price?
The asking price for this property is $14,741,000.
What are key features of this property?
This property features: H‑E‑B grocery shadow anchor; approximately 3 million annual visits and a top‑13% nationwide store ranking, per Placer AI; 33,661 square feet of leasable area on 5.57 acres; Built in 2018
