18440 Interstate 45 S
The Woodlands, TX 77384

Sleep Number has signed a new 10-year NN lease and will commence paying rent upon the completion of construction. The building is currently scheduled to be completed in March 2018 as a built to suit. Hedging against inflation, this lease offers 10% rent increases every 5 years including each option. The lease is very landlord friendly as the tenant reimburses 100% for CAM, taxes, and insurance. The Shenandoah/Woodlands area is in Montgomery County, Texas. Between 2000 and 2010, Montgomery County’s population grew by 55%, the 24th-fastest rate of growth of any county in the United States. It is part of the Houston-The Woodlands-Sugar Land, Texas Metropolitan Statistical Area. About 60 percent of the City’s revenue is from sales tax, which has allowed officials to lower the property tax rates to the lowest in Montgomery County. City staff provide a high standard of service to its residents, and maintain facilities and infrastructure to meet the demands of growth. The Shenandoah/Woodlands area is THE premier trade area in all of the greater Houston area based on income levels, growth, etc. The Woodlands is 43.9 square miles and is comprised of upscale retail, residential and commercial uses including lake front homes and office and retail called Hughes Landing--a 66-acre mixed use development on Lake Woodlands, whose current tenant mix includes Whole Foods, Pier 1, Fleet Street Sports, etc. Other developments include Lake Woodlands Crossing, a 62,565 SF outdoor shopping plaza across from Market Street, Waterway Square, Woodlands Mall, Lakeland Village, Village Center, Parkland Village Center, College Park North, Creekside Park Village Green, and Research Crossing.