Fort Bend Center

March 22, 2017

 

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Fort Bend Center is a well-positioned Kroger shadow- anchored center in Fort Bend County, the fastest growing county in Houston' s ten-county MSA. The Property benefits from a high volume of consumer traffic due to its location at the signalized intersection of Highway 6 and Bissonnet St - one of Southwest Houston' s most prominent retail corridors. Seasoned tenants with an average historical occupancy of 8.4 years are a testament to the Property' s exceptional location and long-standing success, making this property ideal for investors who are searching for a proven retail center in a high-growth market. Additionally, Houston remains a difficult market to enter, let alone secure grocery anchored opportunities, which is why we believe demand for this asset will be strong.

Fort Bend Center' s superior location provides excellent visibility to an expansive trade area as a well-positioned shadow grocery-anchored retail neighborhood center in southwest Houston. Strategically located at the northeast corner of Highway 6 and Bissonnet Street, the Property has frontage on Highway 6 and draws from a wide range of consumers due to high traffic volume along one of southwest Houston' s leading retail corridors. The Property lies within the Sugar Land retail submarket which contains over 17.5 million square feet of retail space and an occupancy rate of 95.4%. This retail corridor is home to other respective retailers including H-E-B, Home Depot, Target, Bed Bath & Beyond, Ross, Walgreens, Kroger, as well as major residential developments that contribute to the generation of continuous traffic.

 

 

 

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