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    FOR LEASE
    Community centers

    12900 Willow Chase Dr, Houston, TX 77070

    131,146 SF 12.88 ac lot Built 1984
    Entity Owned 13-yr Hold Absentee Owner Free & Clear
    Property ID
    US82-0269458
    Property summary
    AI-generated overview

    Willowchase Shopping Center presents a unique investment opportunity in the thriving Northwest Houston submarket, specifically the Willowbrook area. This established, 273,230 square foot, grocery-anchored lifestyle center boasts a dominant position at the signalized intersection of US 249 and FM 1960, benefiting from exceptional visibility and accessibility. The property features three single-story buildings, constructed in 1984 and extensively renovated in 2017. A significant anchor tenant is a 93,000 square foot Fiesta grocery store, consistently ranking among the top performers in the Houston market. The center offers multiple tenancy options, with a minimum divisible space of 1,644 square feet and a maximum contiguous space of 3,220 square feet. Currently, there is 6,939 square feet of vacant space available. Convenient access is provided by multiple curb cuts on US 249 (121,400 vehicles per day), FM 1960 Access Road (50,000 vehicles per day), and Willow Chase Drive. Ample parking is available, with a ratio of 5.11 spaces per 1,000 square feet. Further enhancing its appeal, two pad sites facing FM 1960 are slated for completion in 2025, presenting additional development potential. This property offers a compelling blend of established tenancy, high traffic counts, and future expansion possibilities, making it an ideal investment for discerning buyers.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1984
    Construction STEEL FRAME
    Total area 131,146 SF
    Lot 12.88 ac (561,053 SF)
    APN 1149930000014
    UPID US82-0269458
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.74M
    Owner & transaction history
    Willowchase Retail Assocs LP · 13 yrs held
    Willowchase Retail Assocs LP
    since 2013
    3 recorded transactions
    2017
    2013
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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