Renovated Neighborhood Shopping
For Sale
Contact for pricing
803 East Nasa Parkway, Webster, TX 77598
Two-building retail center with NNN leases, established service tenants, and available suites for additional occupancy.
Property SizeContact for details
Lot Size6.43 Acres
Days on Market145
Property Features for 803 East Nasa Parkway
General Information
Standard status
Active
Total Parking Spaces
485
Lot size
6.43 Acres
Property subtype
Retail
Occupancy
85%
Additional Details
Cap Rate
7%
Building Details
Year Built
1984
Year Renovated
2013
Buildings
2
Construction
concrete block with Stucco and stone facade
Tenancy
Multi
Parking Ratio
6.41 per 1,000 SF
Listing Agency:
Northmarq Capital, LLC
Listed By:
Riley Sharman · License #TX 0521260
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 6:02PM
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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
Challenger Plaza is a neighborhood shopping center comprising two buildings on 6.43 acres at 803 East Nasa Parkway in Webster, Texas. Built in 1984, the property underwent renovations in 2007 and 2013. Improvements include concrete block construction with stucco and stone accents, updated storefront glazing, a concrete parking lot, and roofs replaced in 2007 and 2008. The center contains 21 tenant spaces ranging from 730 square feet to 13,605 square feet, with four available spaces measuring from 885 square feet to 5,270 square feet.
Occupancy is 85 percent, and existing leases are structured on a triple-net basis with tenants responsible for HVAC. Current occupants include IHOP, Studio 80, Rowdy’s Western Bar & Dance Hall, Interfaith Caring Ministries, and Texas All Smiles. The property provides 485 parking spaces in front of the buildings, reflecting a parking ratio of 6.41/1,000 square feet. The offering is reported at a 7 percent CAP rate on actual numbers, with a pro forma stabilized CAP rate exceeding 8 percent.
Occupancy is 85 percent, and existing leases are structured on a triple-net basis with tenants responsible for HVAC. Current occupants include IHOP, Studio 80, Rowdy’s Western Bar & Dance Hall, Interfaith Caring Ministries, and Texas All Smiles. The property provides 485 parking spaces in front of the buildings, reflecting a parking ratio of 6.41/1,000 square feet. The offering is reported at a 7 percent CAP rate on actual numbers, with a pro forma stabilized CAP rate exceeding 8 percent.
Key Highlights
- 6.43‑acre neighborhood shopping center at 803 East Nasa Parkway in Webster, TX 77598
- Two buildings with renovations completed in 2007 and 2013
- 21 tenant spaces range from 730 square feet to 13,605 square feet
Property Analytics
Property Profile
Current Use
Lease Details
85%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,562
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77598, TX
25,620
Population
13,337
Households
1.9
Avg Household Size
32
Median Age
30%
College-Educated
91%
High-School Grad
12.2 sq mi
ZIP Area
2,100
Density / Sq Mi
$59,758
Median Household Income
$45,190
Median Earnings
$1,279
Median Rent
$228,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Two-building retail center with NNN leases, established service tenants, and available suites for additional occupancy.
Where is this shopping center located?
The property is located at 803 East Nasa Parkway Webster, TX.
What are key features of this property?
This property features: 6.43‑acre neighborhood shopping center at 803 East Nasa Parkway in Webster, TX 77598; Two buildings with renovations completed in 2007 and 2013; 21 tenant spaces range from 730 square feet to 13,605 square feet
