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Aliana Retail Center 18620 Bellfort St

9,000 SF 100% Leased Retail Building Richmond, TX 77407 £3,278,541 (£364/SF) 6.51% Net Initial Yield

Investment Highlights

  • Brand New Three-Tenant Strip | 100% Occupied | NNN Leases | Fee Simple Ownership | Growing Houston Texas Submarket
  • Adjacent to New Master-Planned Community Aliana | Across from Aliana Shopping Center | New Amazon Fulfillment Center / William B. Travis High School
  • Located 25 Miles West of Downtown Houston
  • Inflation Protection | NNN Leases | Diversified Tenant Mix | Flexible Space
  • Strong Trade Area Demographics | Six-Figure Incomes

Executive Summary

• Opportunity to acquire Aliana Retail Center, a brand new three-tenant strip in Richmond, TX
• The 100% occupied building features tenants operating under NNN leases, limiting expense obligations for a future investor
• Below market rent at just $30/ft
• Two out of the three tenants have 3% annual increases
• Ease of management well suited for an out of town/state Investor
• Wide range of retail and service based tenants with high level of internet resistance
• The 3 suites range in size from 1,500 - 4,750 SF - highly adaptable to a variety of tenants and uses
• The asset is adjacent to one of the largest and fastest growing master-planned communities in Fort Bend County named Aliana, a
~2,000 acre community comprised of 13 neighborhoods with approximately 4,200 homes
• Ideally located across the street from Aliana Shopping Center and The Grand at Aliana, 2 regional power centers along one of the
fastest-growing retail corridors in Texas, anchored by Costco, Target, HEB, PetSmart, Hobby Lobby and others
• In November 2021, a 3.7 million square foot Amazon fulfillment center opened just north of the site, spanning 5 ½ floors and employing
~3,000 people
• ½ mile northeast of William B. Travis High School with ~3,200 students
• More than 262,000 residents and 130,000 employees support the 5-mile trade area
• $146,373 average household income within a 1-mile radius
• Richmond is a submarket of Houston, the 4th most populous city in the US, with a population exceeding 2.3 million
• Fort Bend County ranks 3rd for purchasing power in Texas, and 2nd on “Texas counties where wealthy people are moving” list

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
9,000 SF
Building Class
B
Year Built
2024
Price
£3,278,541
Price Per SF
£364
Net Initial Yield
6.51%
NOI
£213,303
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.17
Land Acres
1.25 AC
Zoning
None - No zoning ordinances in Houston MSA
Frontage
200 ft on W Bellfort Street

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • FastSigns
  • Retailer
  • 1,500 SF
  • £23.67
  • Triple Net
  • May 2029
  • Jay Bhavani Restaurant
  • Accommodation and Food Services
  • 2,750 SF
  • £23.67
  • Triple Net
  • Oct 2029
  • The Learning Cottage & Childcare
  • Educational Services
  • 4,750 SF
  • £23.67
  • Triple Net
  • May 2031
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
FastSigns Retailer 1,500 SF £23.67 Triple Net May 2029
Jay Bhavani Restaurant Accommodation and Food Services 2,750 SF £23.67 Triple Net Oct 2029
The Learning Cottage & Childcare Educational Services 4,750 SF £23.67 Triple Net May 2031

Nearby Major Retailers

MOD Pizza
First Community Credit Union
Club Pilates
Salad and Go
Outback Steakhouse
Regions Bank
Starbucks
Olive Garden
Flying Biscuit Cafe
Stretchlab

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0151-00-000-0305-907
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£427,342
  • Listing ID: 33365884

  • Date on Market: 01/10/2024

  • Last Updated:

  • Address: 18620 Bellfort St, Richmond, TX 77407

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