Cap Rate: Confidential
Size: 34,017 SF
Lot Size: 3.32 Acres
Marcus & Millichap is pleased to offer Sawdust Center (“Property”)for your consideration. Comprised of a 34,017 SF multi-tenant commercial property on a large 3.32 acre parcel, the property is located at 525 Sawdust Road in The Woodlands, Texas.
Built in 2008, the Property has an 86 percent occupancy rate, which provides signiﬁcant upside potential. Sawdust Center is less than ½ mile from Interstate 45 (I-45) and is shadowed anchored by Hobby Lobby, Goodwill, & Dollar Tree. It fronts along highly traveled East/Westbound Sawdust Road with trafﬁc counts in excess of 32,000 VPD, providing excellent ingress and egress for the tenants’ customers. Furthermore, tenants receive signiﬁcant exposure by way of a large pylon sign visible on the main thoroughfare. Nearby national/credit retailers include a recently built Chipotle, a new 7-Eleven currently under construction, Walmart, CVS, Walgreens, Chick-ﬁl-A, HEB, and Big Lots, to name a few. There are over 4,100 apartment units within a one mile radius, including a 2020 year built (201 unit) Class A apartment building located literally across the street.
Sawdust Center is located on the southern edge of The Woodlands, a much sought after master planned community primarily located in Montgomery County, with portions extending into Harris County. Barriers to entry are signiﬁcant due to The Woodlands’ restrictive building codes. The estimated average 2020 HHI within a 3-mile radius is $128,288 which is expected to grow to $153,995 in 2025 (+20.03% increase). Experian reports that the 2020 Total Annual Retail Demand within a 5-mile radius of the center is approximately $3,233,314,329.
- All NNN Leases
- Large 3.32 Acre Parcel
- 86% Occupancy
- High Barrier to Entry Location | Legacy Investment Property
- $857M Total Consumer Spending within a 3-Mile Radius (CoStar)