Houston Commercial Neighborhood Center

I listed a new neighborhood center located at 119 W. Dyna Dr in Houston, TX.  This center is right off IH-45 North just inside Beltway 8 at the Aldine Bender Exit.

The 32,270 sq. ft. neighborhood center will soon begin a $1.2 million dollar renovation.  The renovations will take the existing building down to shell.  It will include: new roof, retail windows, HVAC and a full exterior rehab.  A new parking lot has already been installed.

The center will also have a refurbished 60-ft pylon sign that will mirror the fasad of the exterior of the building.  This is a grand retail sign that can be seen from a distance.

This could be a perfect opportunity for a national chain to have a location close to IH-45 or an independent retailers needing space close to national tenants without the high-dollar prices.

The center is $12 psf/yr plus NNN.  For a good credit tenant, the owners are prepared to offer up to $15 psf in TI contributions or bring the space to a vanilla box.

If you have any questions, please me at 281.703.9096.