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Shops at Towne LakeAvailable Space

18121 Tuckerton Rd, Cypress, Texas 77433

18121 Tuckerton Rd space for

Last Updated: 12/06/2019
Property Type:Building
Listing Type:Sale
Size:16,493 SF
Price:Contact
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18121 Tuckerton Rd - Image 1

Listing Overview

Listing Description

The Offering. Investment Highlights. CLASS A RETAIL IN ONE OF HOUSTON’S MOST SOUGHT AFTER MASTER-PLANNED COMMUNITIES. The 2,400-acre master-planned community is one of the nation’s fastest growing suburban areas, providing residents nearly everything they need within a short drive or walk.. SHADOW-ANCHORED BY ONE OF HOUSTON'S MOST DOMINANT KROGERS. Built in 2014, Kroger Marketplace has an estimated sales of over $26 million, which contributes significant traffic to the center.. SEASONED OPERATOR TENANT LINE-UP. Most of the franchisees in the property are proven operators with multiple franchises, giving investors a more secure tenancy.. DIVERSE E-COMMERCE RESISTANT TENANT MIX. The center is comprised of approximately 41% heathcare, 37% services, and 22% lifestyle.. CONTRACTUAL ANNUAL RENT BUMPS. 76% of tenants feature $0.50/sf annual rent bumps, giving ownership contractual rent growth year-over-year.. LONG TERM INCOME STABILITY THROUGHOUT HOLD PERIOD. 62.5% of tenants are set to expire in 2027 or later, providing ownership with stable cash flow and long-term security. This allows investors to secure attractive financing compared to competing properties with 5-year lease terms.. BRAND NEW CORE RETAIL ASSET. The Property was recently completed in 2017, providing investors with the opportunity to acquire a Class A asset with quality tenants and low maintenance moving forward., The Property, The Market. Towne Lake. With over 2,400 acres and 14 miles of shoreline, 2,500 existing homes, 1,500 additional planned homes, and a 6-mile continuous boat ride, Towne Lake offers unprecedented lakeside living. The master-planned community reflects its Texas-sized appeal in a 300-acre lake, the largest private recreational lake in Houston. Connected trails, waterways and scenic coves allow neighbors easy access to the lake and community amenities, creating a unique lakeside living experience. Towne Lake is a place where neighbors can work, play, raise children and leave a legacy for generations to come.. Towne Lake is the centerpiece of one of the region’s most sought-after areas in Northwest Houston. Bordered by 290, West Road and Barker Cypress Road, Towne Lake is right in the heart of the Cypress-Fairbanks area, surrounded by restaurants, shopping, as well as educational and recreational opportunities. Zoned to the highly-acclaimed Cy-Fair ISD, Towne Lake is home to 3 onsite schools.. Tuckerton Road Expansion. Howard Hughes Corporation is working on the final segment of a project to extend Tuckerton Road from Fry Road to the Grand Parkway as a two-lane roadway through the Bridgeland master-planned community. The first segment of the project, from Fry to Westgreen Boulevard, was completed in April 2019. A segment from the Grand Parkway to Mason Road was completed in late June. The final segment connecting Westgreen to Mason will be completed in late 2020. This expansion goes through the Bridgeland Master-Planned Community and finishes at Towne Lake, connecting one of Houston’s major thoroughfares to the Towne Lake Community. Tuckerton Road’s expansion will fuel residential growth in the surrounding areas contributing to population density in the immediate area., Photo Gallery, Get Financing. Need Financing?. Since 2015, CBRE has completed over 6,000 commercial and multifamily lending assignments and helped our clients secure over $100 billion in financing. With an active network of over 500 capital sources, we can turn your financing strategy into a winning advantage.. Start your financing quote now.

Listing Details

Property Type:Building
Listing Type:Sale
Size:16,493 SF
Price:Contact
Floor Number:None
Primary Use:Retail

Building Overview

Building Details

Primary Use:Retail
Year Built:2017
Class:
Size:16,493 SF

Location

18121 Tuckerton Rd, Cypress, Texas 77433

Contact

R

Robbie Kilcrease

robbie.kilcrease@cbre.com

Direct: 713-577-1657

M

Matt Berry

matt.berry2@cbre.com

Direct: 713-577-1640

D

Drew Reinking

drew.reinking@cbre.com

Direct: 713-577-1579

Listing Inquiry