Eagle Point Shoppes | 9737 Eagle Dr
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Eagle Point Shoppes 9737 Eagle Dr
12,397 SF 100% Leased Retail Building Mont Belvieu, TX 77523 £5,699,403 (£460/SF) 6.25% Net Initial Yield
Investment Highlights
- Tremendous opportunity to acquire a newly built, 100% leased shopping center in Mont Belvieu, a fast growing suburb of Houston, Texas
- Strategically positioned at the intersection of SH 99 and I-10, Mont Belvieu is poised to be the destination city for the east side of the Houston
- Riceland master planned community is a new 1,400 acre master planned community that will have 4,500 homes upon completion
- Superb demographics: The area experienced 36% population growth in a 3-mile radius from 2020-2024 with an average annual income of $163,900
- Located at the signalized intersection of Eagle Dr and Perry Ave, by Barbers Hill Middle School and Barbers Hill High School (UIL 5A: 1,972 Students)
- Located near the heart of Houston, the City of Mont Belvieu is home to more than 11,000 residents and is the most important hub for natural gas liquid
Executive Summary
Tremendous opportunity to acquire a newly built, 100% leased shopping center in Mont Belvieu, a fast growing suburb of Houston, Texas. Superb demographics: The area experienced 36% population growth in a 3-mile radius from 2020-2024 with an average annual income of $163,900
90% of tenants signed 10-year leases with rental increases during the primary term of the lease | NNN leases include reimbursement for management
Located at the signalized intersection of Eagle Drive and Perry Ave, across the street from Barbers Hill Middle School and Barbers Hill High School (UIL 5A: 1,972 Students).
Riceland master planned community is a new 1,400 acre master planned community that will have 4,500 homes upon completion. The first phase is currently under construction and delivered 400 homes in 2024
Located near the heart of Houston, the City of Mont Belvieu is home to more than 11,000 residents and is the most important hub for natural gas liquids (NGLs) in the country. Strategically positioned at the intersection of SH 99 and I-10, Mont Belvieu is poised to be the destination city for the east side of the Houston-Galveston metro area.
90% of tenants signed 10-year leases with rental increases during the primary term of the lease | NNN leases include reimbursement for management
Located at the signalized intersection of Eagle Drive and Perry Ave, across the street from Barbers Hill Middle School and Barbers Hill High School (UIL 5A: 1,972 Students).
Riceland master planned community is a new 1,400 acre master planned community that will have 4,500 homes upon completion. The first phase is currently under construction and delivered 400 homes in 2024
Located near the heart of Houston, the City of Mont Belvieu is home to more than 11,000 residents and is the most important hub for natural gas liquids (NGLs) in the country. Strategically positioned at the intersection of SH 99 and I-10, Mont Belvieu is poised to be the destination city for the east side of the Houston-Galveston metro area.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,397 SF
Year Built
2024
Price
£5,699,403
Price Per SF
£460
Net Initial Yield
6.25%
NOI
£356,198
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.11
Lot Size
2.53 AC
Frontage
330 ft on Eagle Drive
Nearby Major Retailers
1 of 11
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Eagle Point Shoppes | 9737 Eagle Dr
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