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Marcel Commons

For Sale
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2350 FM 1488
 77346

$ 17,000,000

For Sale
Cap Rate: 7.76%
Size: 54,583 SF
Lot Size: 5 Acres

OFFERING MATERIALS 

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Marketing Description

Marcus & Millichap is pleased to offer Marcel Commons for your consideration.  Consisting of a 54,583 square foot shopping center on a large five acre parcel at the entry to the Jacob’s Reserve neighborhood, the Property benefits from its hard corner location at a signalized intersection.  The Property is 100 percent occupied by a variety of popular local and regional tenants positioned to serve the affluent neighborhood’s retail demand. Additionally, all of the tenants are on NNN leases providing full pass through of all operating expenses. Many of the leases include structured rent increases in their primary terms providing an attractive hedge against inflation and increasing returns.

Marcel Commons fronts on FM 1488, one of north Houston’s main east/west arteries. The Property’s proximity to The Woodlands and Interstate 45 affords it prime exposure to dense vehicle traffic and the rapidly increasing daytime population surrounding the Property. With its location adjacent to a state park, Marcel Commons benefits from a submarket with high barriers to entry and holds a premium position as growth continues to blossom along FM 1488 and in the immediate surrounding area.

Offered for $17,000,000, Marcel Commons provides an investor the opportunity to acquire a brand new class-A retail asset in one of Houston’s fastest growing and accessible locales.

Investment Highlights

  • 54,583 Square Foot Shopping Center | 2016 Construction
  • Five Acre Parcel | Hard Corner at Signalized Intersection
  • 100 Percent Occupancy
  • Appealing Mix of Tenants | Strong Demographics
  • NNN Leases With Rent Increases
  • Fronts on High Traffic FM 1488
  • Adjacent to State Park | High Barriers to Entry

 

 

Justin Miller

First Vice President Investments

(713) 452-4287
Justin.Miller@marcusmillichap.com

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