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    5264 34Th St Houston, TX 77092

    For Lease
    $24 SF/Yr

    Grocery-anchored retail center; high visibility spaces available.

    Lot size:
    184,471 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Northbrook Shopping Center presents a compelling investment opportunity in a thriving retail environment. This 184,471 square foot shopping center, located at the hard corner of US 290 & 34th Street, features a diverse tenant mix anchored by a brand new El Rancho supermarket. Strong co-tenancy includes established businesses such as Office Depot, Starbucks, and WSS Shoes, ensuring consistent foot traffic and a robust customer base. The center offers multiple spaces available, ranging from 1,213 to 4,000 contiguous square feet, with a total of 16,603 square feet currently vacant. High-visibility spaces are available on the hard corner, offering up to 4,406 square feet of prime retail space. The property benefits from a dense population base, with 139,970 residents within a 3-mile radius. Rental rates are competitive, ranging from $18 to $25 per square foot NNN for inline spaces and $32 per square foot NNN for the 34th Street outparcel building. NNN expenses are $8.50 for inline spaces and $9.86 for the outparcel building. This center is ideally suited for daily needs retailers, restaurants, and medical users. A significant enhancement is planned for 2022 with a gas pad redevelopment, presenting pre-lease opportunities. This is a prime location with excellent visibility and strong demographics, making it an attractive investment for discerning buyers.

    Property Features for 5264 34Th St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    184,471 SF
    Total Rate
    368942

    Unit(s) available at that property

    Space
    Suite 5386
    Size
    1,213 SF
    Rate per SF
    $25
    Space
    Ste. 5328
    Size
    3,434 SF
    Rate per SF
    $25
    Space
    Suite 5358
    Size
    1,000 SF
    Rate per SF
    $25
    Space
    Suite 5324
    Size
    2,150 SF
    Rate per SF
    $24

    HighLights

    • Brand new El Rancho supermarket anchor tenant.
    • Strong co‑tenancy including Office Depot, Starbucks, and WSS Shoes.
    • High‑visibility spaces available up to 4,406 square feet.
    • 139,970 population within a 3‑mile radius.
    • 184,471 square feet of total gross leasable area (GLA).
    • 16,603 square feet of available space.
    Property Profile Location Intelligence

    Current Use by Public Records

    El Rancho Supermercado Supermarket Technology Services Notary Public RANCHO PHONE REPAIR Phone Repair Service Medic Pharmacy - Greater ... Pharmacy Coinstar Exchange Money Transfer Service

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.46765126
    Latitude
    29.82017763

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    FAQs

    What type of property is this?
    Lifestyle center - Grocery-anchored retail center; high visibility spaces available.
    Where is this lifestyle center located?
    The property is located at 5264 34Th St Houston, TX.
    What is the lease rate?
    The lease rate is $24-$25 SF/Yr.
    What are key features of this property?
    This property features: Brand new El Rancho supermarket anchor tenant.; Strong co-tenancy including Office Depot, Starbucks, and WSS Shoes.; High-visibility spaces available up to 4,406 square feet.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5264 34Th St Houston, TX 77092
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