Retail Space
9115 Farm to Market Road 723 Richmond, TX 77406
Details & Description
Price: $8,563,000
    The offering provides an opportunity for an investor to acquire a new construction, fully occupied, trophy retail strip center in a high-growth Houston suburb.The building was constructed using first class building materials with design and aesthetic enhancements. The subject property is leased by a prominent mix of successful regional businesses in diversified economic sectors with alternating prime business hours for good traffic/parking synergy. All tenants are on NNN leases with tenants reimbursing for all operating expense including management.The Retail Market is a densely populated, affluent Houston suburb with average household incomes exceeding $120,000 within a three-mile radius. The property is surrounded by new, high-end residential, master-planned communities, including Cinco Ranch (15,000 homes), Westheimer Lakes (1,800 homes) and The Talavera (760 homes). (See page 12 for aerial). Other national tenants in immediate proximity to the subject property include HEB Grocery, Lowes, Walgreens, Kroger, Chase Bank, and Bank of America among others. The subject property is strategically located at the intersection of FM 1093 (26,000 VPD) and FM 723 (19,548 VPD). FM 1093 connects Katy with downtown Houston.
    Additional Photos
    Listing Agents
    Dave Lucas

    O: 415-274-2700
    M: 415-274-7390
    dlucas@cppcre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    9115 Farm to Market Road 723

    Richmond, TX 77406

    Listing ID: 259287
    • 9115 Farm to Market Road 723 Richmond, TX 77406 | for Sale | Photo 1
    • 9115 Farm to Market Road 723 Richmond, TX 77406 | for Sale | Photo 2
    • 9115 Farm to Market Road 723 Richmond, TX 77406 | for Sale | Photo 3
    • 9115 Farm to Market Road 723 Richmond, TX 77406 | for Sale | Photo 4
    9115 Farm to Market Road 723 | for Sale | Thumbnail 1
    9115 Farm to Market Road 723 | for Sale | Thumbnail 2
    9115 Farm to Market Road 723 | for Sale | Thumbnail 3
    9115 Farm to Market Road 723 | for Sale | Thumbnail 4
    Building Size: 17,014 SF
    Lot Size: 2.080 AC
    Land Size: 90,604 SF
    Building $/SF: $503.29
    Land $/SF: $94.51
    Price
    $8,563,000
    Description

    The offering provides an opportunity for an investor to acquire a new construction, fully occupied, trophy retail strip center in a high-growth Houston suburb.

    The building was constructed using first class building materials with design and aesthetic enhancements. The subject property is leased by a prominent mix of successful regional businesses in diversified economic sectors with alternating prime business hours for good traffic/parking synergy. All tenants are on NNN leases with tenants reimbursing for all operating expense including management.

    The Retail Market is a densely populated, affluent Houston suburb with average household incomes exceeding $120,000 within a three-mile radius. The property is surrounded by new, high-end residential, master-planned communities, including Cinco Ranch (15,000 homes), Westheimer Lakes (1,800 homes) and The Talavera (760 homes). (See page 12 for aerial). Other national tenants in immediate proximity to the subject property include HEB Grocery, Lowes, Walgreens, Kroger, Chase Bank, and Bank of America among others. The subject property is strategically located at the intersection of FM 1093 (26,000 VPD) and FM 723 (19,548 VPD). FM 1093 connects Katy with downtown Houston.

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    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Houston History of Retail Space for Sale

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    Richmond Area Market Trends

    Listing Demographics for 9115 Farm to Market Road 723 Richmond, TX 77406

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population6,40159,045143,051
    Population Median Age323333
    Population by Age0-9 Yrs1283 (20%)10730 (18%)25399 (17%)
    10-19 Yrs1084 (16%)10150 (17%)24828 (17%)
    20-29 Yrs462 (7%)4228 (7%)10851 (7%)
    30-39 Yrs1095 (17%)9255 (15%)22064 (15%)
    40-49 Yrs1243 (19%)11514 (19%)27024 (18%)
    50-59 Yrs614 (9%)6416 (10%)16367 (11%)
    60-69 Yrs364 (5%)3809 (6%)9797 (6%)
    70+ Yrs255 (3%)2943 (4%)6721 (4%)
    Median HH Income$153,590$144,026$139,228
    Total Household Income< 24K67 (3%)946 (5%)2382 (5%)
    25-49K141 (7%)1319 (7%)3014 (6%)
    50-74K115 (6%)1374 (7%)3782 (8%)
    75-99K134 (7%)1481 (8%)4178 (9%)
    100-199K823 (44%)7502 (42%)18073 (41%)
    200K+569 (30%)5125 (28%)11870 (27%)
    Highest Education LevelNo Diploma13212732921
    Diploma or GED39336529262
    Some College569577615392
    Assoc. Degree23623836216
    Bachelors Degree12991261830378
    Higher Degree11631029023148
    Total Housing Units1,96118,67445,715
    --Owner-Occupied1,62314,87836,371
    --Renter-Occupied2252,8686,929
    Owner-Occupied Values< 100K390250
    100-199K467001993
    200-299K427397310749
    300-399K537473811509
    400-499K32725676113
    500K+28328095757
    Total Working Age Population4,37741,399100,696
    In Work Force3,06127,80168,616
    Not In Work Force1,31613,59932,080
    Workforce Employed2,89926,37465,393
    Workforce Unemployed1591,4013,146
    Civlian Workforce3,05827,77568,539
    Military Workforce42677
    Total Households1,84917,74643,300
    Family Households1,68615,69138,355
    Non-Family Households1632,0554,945
    Married Couple1,51814,06834,136
    Other Family1681,6234,219
    Married w/Child1,0579,35921,987
    Single Male w/Child36288733
    Single Female w/Child837771,984

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Texas20,851,820+2125,145,561+1829,677,668+1834,894,452
    Fort Bend County354,452+65585,375+44840,383+431,203,029
    Harris County3,400,578+204,092,459+224,978,845+195,924,750
    Waller County32,663+3243,205+1750,731+1659,021
    Wharton County41,188041,280+241,941+142,321

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 9115 Farm to Market Road 723 in Richmond?
    The asking price for 9115 Farm to Market Road 723 is $8,563,000
    What is the building size of this Retail property in Richmond, TX?
    The size of the building/unit at 9115 Farm to Market Road 723 in Richmond is 17,014 square feet
    How much land does the Richmond, TX property at 9115 Farm to Market Road 723 include?
    9115 Farm to Market Road 723 in Richmond includes 2.080 acres of land
    What kind of Retail is the propery at 9115 Farm to Market Road 723?
    The property at 9115 Farm to Market Road 723 Richmond, TX 77406 is listed as a Shopping Center Retail property
    What is the population within 1 mile of 9115 Farm to Market Road 723 in Richmond?
    The population within 1 mile of 9115 Farm to Market Road 723 Richmond, TX 77406 is 6,401 people.
    Who do I contact for questions about 9115 Farm to Market Road 723?
    You should contact the listing agent, Dave Lucas , for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    William P Hobby Airport (HOU) 32
    George Bush Intercontinental Houston Airport (IAH) 35
    Austin Bergstrom International Airport (AUS) 116
    Price
    $8,563,000
    Listing Agent
    More listings from Dave Lucas
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