5614 Grand PkwyRichmond, TX 77406

This exceptional 12,075 square foot shopping center in Richmond, Texas, is offered at $6,075,545, boasting a 6.75% cap rate and a substantial $394,910 net operating income. Currently 100% occupied, the property sits on a 1.28-acre lot at the strategic intersection of Westpark Tollway and Grand Parkway, benefiting from high visibility and exceptional daily traffic counts of 66,379 vehicles. The tenant mix includes a diverse range of national retailers, restaurants, and service providers, ensuring consistent revenue streams. Located in Fort Bend County, the property serves a thriving community with impressive demographics, including a projected 2024 population of 91,945 within a 3-mile radius and average household incomes exceeding $150,000. This prime location, coupled with the strong tenant base and high occupancy rate, presents a compelling investment opportunity in a rapidly growing suburban market. The property's strong financial performance and strategic location make it an ideal addition to any portfolio seeking stable returns and long-term growth potential. This is a rare opportunity to acquire a well-established, high-performing retail center in a desirable Texas market. The property's success is further supported by the presence of major retailers such as Walmart, Home Depot, and Whole Foods in the immediate trade area, ensuring a steady flow of customers for the center's tenants.