5264 34Th St Houston, TX 77092

Property Details for 5264 34Th St

Property size

184,471 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.

Location Insight

City

Houston

County

Harris

State

Texas

Longitude

-95.4677

Latitude

29.8202