8888 Metropark DrShenandoah, TX 77385

Property Details for 8888 Metropark Dr

Year built

2019

Lot size

11.09 AC

Property size (Sq ft)

133,956 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

Metropark Square, a thriving 133,956 square foot shopping center in Shenandoah, Texas, boasts 98.9% occupancy. Built in 2019 on an 11.09-acre lot, this multi-tenant retail property enjoys prime visibility along Interstate 45 North, a major thoroughfare with over 170,000 vehicles daily. The center benefits from a strong tenant mix, with over 50% dedicated to experiential retail and unique services resistant to e-commerce impacts, and an additional 20% comprised of diverse restaurants. The property is situated within a high-growth area, experiencing a 16% population increase since 2020, and boasts average household incomes exceeding $130,000 within a 3-mile radius. This location is part of The Woodlands, a nationally recognized master-planned community consistently ranked among the best places to live and raise a family. The property's strategic location and tenant mix provide a compelling investment opportunity in a rapidly expanding market. The surrounding area includes a luxury mixed-use development with residential and hospitality components, further enhancing the property's value and appeal. This includes a significant anchor tenant, a state-of-the-art AMC Theatre featuring premium amenities like IMAX and Dolby Cinema. The development also includes a large Dave & Buster's and a Hyatt House hotel. The property's success is further underscored by its location within a thriving community known for its high quality of life and strong economic indicators.

Location Insight

City

Shenandoah

County

Montgomery

State

Texas

Latitude

30.1949

Longitude

-95.453

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