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Shops at Aliana 1 18320 W Airport Blvd

12,064 SF 100% Leased 4-Star Retail Building Richmond, TX 77407 $9,127,392 CAD ($757 CAD/SF) 6% Cap Rate

Investment Highlights

  • Neighboring new 350 unit West End Luxury apartments
  • Texas has no state income tax, estate tax, or inheritance tax
  • 3 minutes from the Market Center power retail center
  • High income master planned communities nearby include Aliana, Long Meadow Farms, Waterside Estates and Harvest Green
  • Easy access to Grand Parkway 99 freeway and the FM 1464 corridor
  • Internet resistant long term tenants

Executive Summary

Prime retail center built in 2018. On the front door to the Aliana master planned community and the heart of Fort Bend County. Centralized location close to The Market Power center and Waterview Town Center which is home to many major retailers such as TJ Maxx, Academy Outdoor, LA Fitness, Target, HEB, and the 4 million SF Amazon fulfillment center. Within a three mile radius to major schools in the area and a 30 minute drive to the uptown/Galleria area.
Aliana is a well-known top-ranked, premier 2,000+ acre master-planned community in Texas and further anticipated growth which allows for even higher rental upside.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
12,064 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2018
Price
$9,127,392 CAD
Price Per SF
$757 CAD
Cap Rate
6%
NOI
$547,643 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Land Acres
1.89 AC

Amenities

  • Signage

Nearby Major Retailers

Salata
Big Blue Swim School
Dutch Bros
EoS Fitness
HOTWORX
First Watch
Outback Steakhouse
Regions Bank
Starbucks
Olive Garden

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0096-00-000-0203-907
  • 0096-00-000-0204-907
Land Assessment
$2,013,266 CAD
Improvements Assessment
$6,886,200 CAD
Total Assessment
$8,899,466 CAD
  • Listing ID: 32048514

  • Date on Market: 2024-06-06

  • Last Updated:

  • Address: 18320 W Airport Blvd, Richmond, TX 77407

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