Retail Space - For Sale
9115 Farm to Market Road 723 Richmond, TX 77406
Details & Description
Price: $8,563,000
  • Property Type Retail for Sale : Shopping Center
  • Lot Size Acres 2.080
  • Building Sq Ft 17,014
  • Building Price per Sq Ft $503.29
  • Land Sq Ft 90,604
  • Land Price per Sq Ft $94.51
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
Capital Pacific
O: 415-274-7390
dlucas@capitalpacific.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
$8,563,000
For Sale
  • Property Type Retail for Sale : Shopping Center
  • Lot Size Acres 2.080
  • Building Sq Ft 17,014
  • Building Price per Sq Ft $503.29
  • Land Sq Ft 90,604
  • Land Price per Sq Ft $94.51
  • 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
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.

Attachments & Files

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

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.

Listing Location & Map Views
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25024 Katy Mills Dr, Katy, TX CALL 49583 5
1103b S Mason Rd, Katy, TX CALL - -
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
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