Retail

The Shoppes at
Town Square

Deer Park, Texas

Asking Price

$2,500,000

Cap Rate

6.10%

Attractive, High-Quality Construction

Brick & Stucco

Icon_DollarSign-01

Reasonable Rents

Rents Average Less Than $20/SF

Attractive Rental Increases

Excellent Hedge Against Inflation

Population

178K (5-Mile)

Avg HHI

$93K (5-Mile)

INVESTMENT HIGHLIGHTS

Attractive, High-Quality Brick and Stucco Construction
With Excellent Visibility to Over 24,000 Cars per Day and Multiple Access Points
Over 3.08 Years of Weighted Average Lease Term Remaining
Over 52% of Center Not Expiring Until 2025 or Later
Reasonable Rents
Rents Average Less Than $20 PSF NNN
Attractive Rental Increases
in Primary Lease Terms Provide an Excellent Hedge Against Inflation

Top Tier Demographics With Affluent Customers
Over 178,000 Population and Over $93,000 Average Household Income within 5 Miles
Desirable Restaurant and Service-Oriented Tenants
Targeting the Affluent Surrounding Communities
Stable Tenancy With Minimal Vacancy
and Average Tenancy of Over 5.0 Years
Potential Added Value of Leasing the Vacant Space
With Proforma Cap Rate at or Above 8.8%

Exclusively Listed By

Riley Sharman

Vice President
rsharman@northmarq.com 832.497.2558
TX Lic. #781579

Brian Lane

Senior Associate
blane@northmarq.com

Chris Howard

Lead Investment Analyst
choward@northmarq.com

In Association With
Jim Gibson

TX Lic. #392926

Northmarq

800 Gessner Road, Suite 950
Houston, TX 77024

northmarq.com