8765 SPRING CYPRESS RD SPRING TX 77379-3194
Stables Town Center | Kroger Grocery Anchored w/ 5% CAGR | Houston, TX
Marketing description
Jones Lang LaSalle (“JLL”) is pleased to offer Stables Town Center (“The Property”), an exceptional 148,045-square-foot retail center anchored by Kroger and strategically located at the hard corner of Spring Cypress Road and Champion Forest Drive. Positioned just 2.5 miles from Highway 249 in the thriving Champions Forest submarket, this property serves as a cornerstone retail destination for Northwest Houston’s affluent communities.
Operating at 93% occupancy, the center draws more than 2.5 million visitors annually, leveraging superior visibility and accessibility within Northwest Houston’s most desirable residential areas. The Kroger anchor enjoys an optimal neighborhood position, providing essential services to the surrounding community. The property maintains a diversified tenant portfolio spanning grocery, dining, and service providers, with 8.2 years of average tenure.
Investment highlights
- Established Kroger grocery anchored asset with 6.6 years of WALT
- Superior neighborhood location along Spring Cypress Rd (46k+ VPD)
- Significant value creation via leas up and 7%+ mark-to-market opportunity
- Established and curated merchandising mix with 88% internet resistant tenancy
- Affluent surrounding demographics ($119k+ AHHI)
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