4811 Hwy 6Missouri City, TX 77459
Colony Plaza
Asset ClassRetail
ESTABLISHED NEIGHBORHOOD RETAIL CENTER AT HIGH TRAFFIC INTERSECTION IN DENSE AND AFFLUENT SUBURBAN CORRIDOR OF HOUSTON TEXAS
Overview
Cushman & Wakefield’s Retail Investment Advisors are pleased to present the exclusive offering of Colony Plaza (the “Property”), a 26,513 square foot neighborhood retail center featuring a compelling value-add opportunity in one of Greater Houston’s most affluent and supply-constrained suburban trade areas.
Investment Highlights
- Signalized Hard Corner with Exceptional Traffic Exposure: Located at a high-visibility, signalized intersection with approximately 69,000 vehicles per day, providing strong daily traffic counts and excellent accessibility.
- Dense, Affluent Trade Area: Serves a population of approximately 212,000 within a five-mile radius with an average household income of $146,000, supporting strong retail demand and tenant performance.
- Compelling Value-Add Opportunity: In-place rents averaging approximately 20% below market combined with a short 2.0-year WALT provide a clear pathway to mark rents to market and achieve an estimated five-year NOI CAGR of approximately 7.17%.
- Shadow-Anchored by Dominant Retail Drivers: Benefits from proximity to high-performing anchors, including a market-dominant H-E-B grocer and established Star Cinema Grill, which drive consistent consumer traffic to the immediate trade area.
- Proven Occupancy and Leasing Strength: The Property has maintained approximately 97% occupancy over the past decade, with recent leasing activity achieving rents of $35 PSF nearly 44% above the center’s current average.
- E-Commerce-Resistant Tenant Mix: Approximately 80% of the GLA is leased to medical, service, and restaurant users, providing durable tenancy supported by necessity based and experiential demand.
4811 Hwy 6Missouri City, TX 77459
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