18320 Airport BlvdRichmond, TX 77407

Property Details for 18320 Airport Blvd

Year built

2018

Lot size

1.89 AC

Property size (Sq ft)

12,054 SF

Property type

Retail properties

Description

This exceptional 12,054 square foot retail center, located at 18320 W Airport Blvd in Richmond, Texas (77407), presents a lucrative investment opportunity. Built in 2018, the property boasts a 6.00% cap rate and a strong net operating income (NOI) of $38,987,064, reflecting its 100% occupancy. Situated on a 1.89-acre lot, the center offers ample parking with 65 spaces. Its prime location benefits from proximity to major thoroughfares like Grand Parkway 99 and FM 1464, ensuring high visibility and accessibility. The Shops at Aliana is strategically positioned within thriving master-planned communities, including Aliana, Long Meadow Farms, Waterside Estates, and Harvest Green, guaranteeing a substantial customer base. Furthermore, its adjacency to a new 350-unit luxury apartment complex and a large Amazon fulfillment center further enhances its appeal and potential for long-term growth. The property's tenant mix includes businesses that are resistant to online competition, providing stability and resilience in the current market. This Class A retail center offers a compelling combination of strong financial performance, prime location, and a diverse tenant base, making it an ideal addition to any investment portfolio. The asking price is $6,497,844.

Location Insight

City

Richmond

County

Fort Bend

State

Texas

Latitude

29.6517

Longitude

-95.7042

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