Shoppes at Westpark
100% Leased on Triple-Net Terms : Below Market Rents : Metal Roof : High Traffic Location
Marketing description
Shoppes at Westpark is a 22,497-square-foot, multi-tenant retail center located on a 1.94-acre parcel in Richmond, Texas. Built in 2013, the property is fully occupied by eight service and restaurant tenants on triple-net (NNN) leases, including Plato's Closet, Texas Borders, Ferso's Mexican Cuisine, Spice Korner, Next Level Jiu Jitsu, BRB Lash & Brow, NSA Pack & Ship, and Beauty by Sohair. The center offers a flexible unit configuration with suites ranging from 1,000 to 6,080 square feet. Texas Borders end cap suite features a playground and covered patio areas for outdoor dining, and the building has a metal roof. Landlord states recent property improvements include exterior painting, monument signage painting, and landscaping/hardscaping upgrades.
Positioned along the FM 1093 / Westpark Tollway corridor in Fort Bend County, this retail investment sits in the heart of one of Houston’s strongest westward growth patterns, benefiting from commuter connectivity, expanding rooftops, and accelerating retail momentum. The immediate area is home to a robust retail ecosystem, with key national retailers like Walmart Supercenter, Lowe’s, T.J. Maxx, LA Fitness, H-E-B, and others, ensuring high foot traffic and cross-shopping opportunities. The corridor is seeing new, modern retail supply designed to serve the rapidly growing Richmond/Fulshear submarket—most notably The Oaks of District West planned along FM 1093, bringing a walkable mix of dining, entertainment, and experiential retail. Construction is anticipated to begin in 2026 with delivery targeted for 2027 for The Oaks of District West.
Investment highlights
100% Leased on Triple-Net Terms
The 22,497-square-foot retail center is fully leased to a diverse roster of eight tenants on triple-net (NNN) leases, providing a stable income stream with minimal landlord responsibility.
Explosive Affluent Demographic Growth
The immediate average household income is $168,445 within a one-mile radius; $186,938 within three miles; and $186,701 within five miles. The population is projected to grow by 20.5% to over 108,000 residents by 2029 within a three-mile radius, ensuring sustained retail demand.
Diverse Mix of Restaurants and Service-Based Retailers
The property includes a diverse mix of tenants, including unique restaurants such as Texas Borders, Spice Korner and Ferso's Mexican Cuisine, and service-based retailers, offering a well-rounded retail experience for the surrounding population.
Average Rents are Below Market with Staggered Lease Expirations
The property has a staggered lease expiration schedule, with leases expiring between 2028 and 2031, reducing the risk of large vacancies, with future upside potential through mark-to-market rents.
High Traffic Location Near Major Drivers
Situated near key traffic drivers like Walmart, LA Fitness, H-E-B, and Lowe's, the property enjoys high visibility and a steady stream of potential customers throughout the day.
Building has a Metal Roof and Enclosed Outdoor Areas
Building features include a metal roof and awnings over storefronts. The end cap suite leased to Texas Borders Bar & Grill has a children's playscape and covered patio areas for outdoor dining.
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