Current Use by Public Records
- Lifestyle centers
Property Details for 8888 Metropark Dr
- Year built
- 2019
- Lot size
- 11.09 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Metropark Square, a thriving 133,956 square foot shopping center in Shenandoah, Texas, boasts 98.9% occupancy. Built in 2019 on an 11.09-acre lot, this multi-tenant retail property enjoys prime visibility along Interstate 45 North, a major thoroughfare with over 170,000 vehicles daily. The center benefits from a strong tenant mix, with over 50% dedicated to experiential retail and unique services resistant to e-commerce impacts, and an additional 20% comprised of diverse restaurants. The property is situated within a high-growth area, experiencing a 16% population increase since 2020, and boasts average household incomes exceeding $130,000 within a 3-mile radius. This location is part of The Woodlands, a nationally recognized master-planned community consistently ranked among the best places to live and raise a family. The property's strategic location and tenant mix provide a compelling investment opportunity in a rapidly expanding market. The surrounding area includes a luxury mixed-use development with residential and hospitality components, further enhancing the property's value and appeal. This includes a significant anchor tenant, a state-of-the-art AMC Theatre featuring premium amenities like IMAX and Dolby Cinema. The development also includes a large Dave & Buster's and a Hyatt House hotel. The property's success is further underscored by its location within a thriving community known for its high quality of life and strong economic indicators.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Shenandoah
- County
- Montgomery
- State
- Texas
- Longitude
- -95.453
- Latitude
- 30.1949
