For Lease
$21-$22 /SF/YR

18047 Point Lookout Dr Houston, TX 77058

Houston retail center, high occupancy, prime NASA location.

Overview

Added:
Dec 11, 2024
Days on market:
137
Invest in this thriving 10,297 square foot, single-story retail center located in Houston, Texas, at 18047 Point Lookout Dr, 77058. Situated directly across from the entrance to NASA Space Center Houston, this Class B property enjoys a highly visible and accessible location within a bustling retail area. Currently boasting an 85% occupancy rate, with six of seven spaces leased, this multi-tenant center offers three available spaces ranging from 1,016 to 1,461 square feet, perfect for a variety of retail services businesses. The property underwent a façade revitalization in early 2021, enhancing its modern appeal. Ample parking is provided with 45 spaces for customer convenience. This investment opportunity presents a competitive capitalization rate and rent rate, making it an attractive proposition in the Houston market. The property's prime location near a major tourist attraction and its strong occupancy rate make it a compelling investment. The submarket is NASA, offering unique access to a large and diverse customer base.

Highlights

  • Excellent location surrounded by Class B multifamily properties, national retailers (Wendy's, Starbucks), and other amenities.
  • High visibility and strong traffic counts due to proximity to Houston Methodist Hospital and the NASA Johnson Space Center.

Property Details for 18047 Point Lookout Dr

Property type
Specialty properties, Retail properties
RSF (Rentable sq. ft)
10,297 SF
Class
B

Unit(s) available at that property

Space
Second Gen Hair Salon
Size
1,183 SF
Rate per SF
$22
Space
Second Gen Nail Salon
Size
1,016 SF
Rate per SF
$22
Space
Second Gen Retail/Grocery
Size
1,461 SF
Rate per SF
$21

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.548827551254
Longitude
-95.094872569523

FAQs

What type of property is this?
Specialty property - Houston retail center, high occupancy, prime NASA location.
Where is the specialty property located?
The property is located at 18047 Point Lookout Dr Houston, TX.
What is the lease rate?
The lease rate is $21-$22 /SF/YR.
What are key features of this property?
This property features: Excellent location surrounded by Class B multifamily properties, national retailers (Wendy's, Starbucks), and other amenities.; High visibility and strong traffic counts due to proximity to Houston Methodist Hospital and the NASA Johnson Space Center.;
How can I contact the broker?
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18047 Point Lookout Dr
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