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    OFF-MARKET
    Power centers

    12850 Memorial Dr, Houston, TX 77024

    30,291 SF
    Property ID
    Property summary
    AI-generated overview

    Town & Country Village, a well-established retail power center in Houston, Texas, presents a unique investment opportunity. Located at 12850 Memorial Drive, 77024, in Harris County, this property boasts a total of 30,291 square feet across nine suites. Currently, there is significant vacancy totaling 28,331 square feet, offering substantial potential for new tenants. The minimum divisible space is 1,205 square feet, ideal for smaller businesses, while larger tenants can occupy up to 7,615 contiguous square feet. This versatile space caters to a range of retail needs. The property sits on a 0.02-acre lot and has been a successful retail destination in West Houston for over four decades, establishing a strong presence within the community. This prime location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking to establish or expand their presence in a thriving market. The property's long-standing success speaks to its strategic location and enduring appeal. This is an exceptional opportunity to acquire a significant retail presence in a high-traffic area of Houston.

    Property profile
    Verified
    Property type Power centers
    Total area 30,291 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Alexis McCarty, REALTOR Real Estate Agency
    • Chico's Clothing & Fashion Store
    • francesca's Clothing & Fashion Store
    • Williams-Sonoma (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
    • Trudy's Hallmark Shop (Bike/Boat/Book/etc) Store Party Supply Store
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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