Property History
Property Type
Property Type
Property Subtype
Marketing Description
Colonnade of the Woodlands is a 42,030 square foot, class A retail center located in The Woodlands, Texas. This fully leased center is comprised of four high quality, multi-tenant retail buildings. The Property is leased to a diverse tenant mix of national, regional and local tenants, with an Internet resistant lineup of restaurants, medical, service, art and recreational uses. The property is positioned within The Woodland’s 28,000-acre master planned community, which was recently named 'Best City to Live In America' by Niche for the second year in a row. The Property is located at the lighted intersection of FM 2978 and Woodlands Parkway and abuts the prestigious golf course community of Sterling Ridge Village, which is comprised of 4,300 highly sought after households with home values ranging from $500,000 to more $5,000,000. With the immediate area boasting some of the highest home values in the city, the Property supports a well-educated and affluent population, promoting long-term success and viability for the Property's restaurant, fitness and service retail tenants.
Investment Highlights
- QUALITY INVESTMENT OPPORTUNITY: High quality established retail development located in the heart of The Woodlands, one of Houston’s most well-known, affluent and deed restricted master-planned communities.
- SUSTAINABLE RENTS AND OPERATING EXPENSES: With rents and operating expenses on the rise over the last 5 years, Colonnade of the Woodlands provides a great value for both investors and tenants with averaged rents at $25.27/SF and operating expenses at $9.88/SF.
- PROMINENT INFILL LOCATION: Located at the intersection of FM 2978 and Woodlands Parkway, the Property is situated within Sterling Ridge Village among an established mix of national, regional and local retailers and service providers.
- DIVERSIFIED, INTERNET RESISTANT TENANT MIX: The Property consists of a diversified line up of tenants with focuses on restaurants, service, medical, recreational and veterinary uses.
- LEGACY TENANCY: Seven of the Property’s tenants, accounting for over 16,000 SF, have been operating at the Property for over seven years proving the viability and strong operating history of the center.
- AFFLUENT HOUSING MARKET: The center is surrounded by over 47,000 single family homes within a three-mile radius with median household incomes exceeding $154,000 within one mile of the Property. In addition, the Property benefits from four multifamily complexes and a senior living facility within a 0.5-mile radius.
- HIGH BARRIERS TO ENTRY: As a true master-planned community, the covenants, conditions and restrictions put in place by The Woodlands limit the amount of retail development in the immediate trade area continuing to maintain a consistent level of supply of retail square footage.
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Property Details
Contacts
Listing removed on
BY:
Micha van Marcke, CCIM PRO
•••.•••.3011
•icha@••••-••.com
Listing removed on
BY:
Chace Henke
•••.•••.3009
•hace@••••-••.com
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