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12002 Southwest Fwy
153,583 SF 22% Leased Retail Building Meadows Place, TX 77477 For Sale
Investment Highlights
- 12002 Southwest Freeway is a 158,379-square-foot facility situated on 8.81 acres with six loading docks and ample parking.
- Positioned seven minutes away from Sugar Land, which was ranked in the top 10 fastest-growing cities in the US for 2022.
- Average household income of $74,448 contributes to $4 billion in annual consumer spending within a 5-mile radius.
- Excellent highway visibility along Interstate 69 with traffic counts in excess of 200,000 vehicles per day.
- Population within a 5-mile radius is projected to expand by nearly 10% within the next five years.
- Available for sale or lease.
Executive Summary
The 158,379-square-foot building is located at 12002 Southwest Freeway and receives exposure from more than 200,000 vehicles daily. It is ideal for showroom/destination retail or flex services, with six loading docks and abundant parking spaces. The flexible retail building is situated within a brimming thoroughfare of highly desirable shopping destinations, such as The Fountains, which sits on the same side of the freeway, forming a synergetic community.
Southwest Houston is an ideal location for any client-facing organization as it has seen some of the fastest growth in Texas and has garnered attention from national players for its rapid expansion. The household growth rate seen from 2010 to 2022 is projected to double through 2027 within a 3-mile radius, plus, nearby Sugar Land was ranked in the top 10 for fastest-growing cities in 2022. Within a 10-mile radius, there is nearly $16 billion in annual consumer spending, and that figure is expected to edge toward $19 billion by 2027. Get in touch.
Property Facts
Amenities
- Freeway Visibility
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 30,000-119,768 SF
- Retail
- Outparcel
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 30,000-119,768 SF | Retail | Outparcel | Now |
1st Floor
| Size |
| 30,000-119,768 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
About Sugar Land
Sugar Land includes the Sugar Land master-planned community and its surrounding areas and is one of the premier suburban locales in the Houston metro. Once known as a bedroom community, the area has enjoyed considerable population growth in recent years. It continues to garner increased density from high-end multifamily development, attracting affluent renters-by-choice and elevating local buying power (median household income multiplied by the number of households). Residents here earn some of the highest incomes in Houston, and the area also boasts a high percentage of college graduates.
Sugar Land is commutable to most of Houston's major in-town and suburban employment nodes, though the area has established itself as a regional employment center of its own. It is home to a diversified set of high-profile corporations such as UnitedHealthcare (insurance), Texas Instruments (electronics supplier), Schlumberger (energy), and Methodist Sugar Land Hospital (healthcare). While energy plays a large role here, the area’s diversification into financial services, corporate headquarters for S&P 500 manufacturing companies, and healthcare makes Sugar Land less vulnerable to the cyclicality in the energy sector compared to other parts of Houston.
This node is home to several notable malls, including the Beltway Plaza, Fountains on the Lake, and Hong Kong City Mall, which are all larger than 300,000 square feet and draw shoppers from all over Houston. Retail buildings here are more affordable than those in more urban areas throughout Houston, which offers investors and owners an attractive opportunity to own in an area with strong net operating income and population growth potential.
DEMOGRAPHICS
Demographics
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Avenida Brazil | American | $ | 2 min walk |
| Jack In The Box | - | - | 9 min walk |
| Sonic Drive-In | Fast Food | - | 9 min walk |
| Chick-Fil-A | - | - | 9 min walk |
| Gringo's-Stafford | Mexican | $ | 11 min walk |
| La Fogota Columbian Restaurant | Latin American | $$ | 11 min walk |
| In-N-Out Burger | - | - | 12 min walk |
| Chipotle Mexican Grill | - | - | 13 min walk |
| Torchy's Tacos | Mexican | - | 12 min walk |
Retail |
||
|---|---|---|
| Northern Tool + Equipment | Hardware | 6 min walk |
| Chase | Bank | 12 min walk |
| Great Clips | Salon/Barber/Spa | 13 min walk |
| Skechers | Shoes | 13 min walk |
| Sam's Club | Wholesale Club | 13 min walk |
| The UPS Store | Business/Copy/Postal Services | 12 min walk |
| Dollar Tree | Dollar/Variety/Thrift | 13 min walk |
| Office Depot | Office Supply | 13 min walk |
Hotels |
|
|---|---|
| Holiday Inn Express |
93 rooms
3 min drive
|
| Residence Inn |
78 rooms
3 min drive
|
PROPERTY TAXES
| Parcel Number | 0101-00-000-1430-907 | Improvements Assessment | $4,099,489 CAD |
| Land Assessment | $6,149,232 CAD | Total Assessment | $10,248,721 CAD |
PROPERTY TAXES
Sale Advisors
Sale Advisors
Farid Chatur, Owner
-
Farid Chatur -
Daniel Myers -
APEX Realtors
Presented by
12002 Southwest Fwy
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