Two Story Retail, Medical or Office: Collins Place at Manvel
Retail | Medical | Office | 54,000 SqFt
Marketing description
Collins Place: A Premier Commercial Landmark in the Path of Growth
Secure your position in one of Manvel’s most promising commercial corridors. Located at the high-visibility corner of County Road 58 and Rodeo Drive, Collins Place is a planned professional and retail destination designed to meet the demands of a rapidly expanding submarket.
This institutional-quality development is strategically divided to maximize utility and traffic flow. The 2.13-acre primary site is planned for two sophisticated 22,000 SF two-story buildings, featuring efficient 11,000 SF floor plates that allow for single-user occupancy or division into multiple professional suites.
Complementing the professional core is an additional ±1.25 to 1.50-acre parcel perfectly positioned for a C-Store with fuel pumps, QSR, or major retail anchor. This flexible 10,000 SF footprint captures the high-visibility entry point of the development, providing the essential "daily needs" traffic that bolsters the entire portfolio.
Because this project is in the pre-construction phase, early investors have the unique advantage of shaping the development’s final vision. You have the opportunity to influence custom requirements and delivery conditions, ensuring the finished product aligns perfectly with your operational or tenant goals.
Whether you are looking for a comprehensive portfolio acquisition at approximately $25M or seeking individual asset sales, Collins Place offers the scale and high-growth characteristics essential for a successful real estate investment.
Investment highlights
Investment Highlights
This new-construction retail portfolio offers a strategic foothold in the high-growth Houston MSA. Positioned at a key intersection, the project provides a rare opportunity for scaled acquisition with strong institutional exit characteristics.
- Strategic Scaled Portfolio: A 3-building, new-construction development totaling 54,000 SF.
- Prime High-Growth Location: Situated at the prominent intersection of County Road 58 and Rodeo Drive in Manvel, TX.
- Strong Financial Pro Forma: Underwritten at $40/SF market rents with a projected NOI of ~$1.62M at stabilization.
- Flexible Footprint & Design: Includes two 22,000 SF two-story buildings (11,000 SF per floor) and one 10,000 SF building suitable for C-store or retail use.
- Customization Advantage: As a to-be-built project, a purchaser can guide the interior layout and operational flow to meet specific requirements.
- Lucrative Exit Potential: Projected exit value between $24M and $26M based on current market cap rates of 6.25%–6.75%.
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