Beechnut Village is a fully stabilized 62,990-square-foot, multi-tenant retail center located in Houston, Texas. Anchored by a top-performing La Michoacana Meat Market, tenants are a complementary mix of internet-resistant, service-oriented businesses including Fair Driving School, Hair by Tony, Twinkle Enterprise, Falcon Pharmacy, Monia’s Secrets, AAAA Insurance, Queen of the Day Nails & Spa, Brident Dental & Orthodontics, Dr. Emmanuel Oriahi, Aroma Washateria, Tequlia Lopez Restaurant, Carmotive, and Qball Snooker Pool & Hookah Bar. Additional income is derived from a Watermill Express kiosk located in the subject property’s parking lot. Originally constructed in 1985, the subject property is situated on a large 6.34 acre parcel with ample paved parking. A large double-sided monument signs provides additional exposure to the center.
Beechnut Village is located on Highway 6 South at the signalized intersection with Beechnut Street. The property benefits from high cumulative traffic counts exceeding 78,630 vehicles per day and is easily accessible from multiple ingress and egress points. Nearby national and regional retailers include Dollar General, World Food Market, Burger King, Fitness Connection, Kroger, Chipotle Mexican Grill, Chase Bank, Wendy’s, Wingstop Smoothie King, Dollar Tree, Spec’s Wines Spirits & Finer Foods, The UPS Store, Tropical Smoothie Café, and many more. The surrounding area benefits from a strong daytime employment population of approximately 94,499 people within a five-mile radius. The surrounding area is densely populated with more than 172,000 residents within a three miles and 393,615 within five miles with an average household income of $81,417.
- 62,990-Square-Foot, Hispanic Grocery-Anchored Retail Center Located in Houston
- Fully Stabilized Asset | 100% Occupied | All Leases are Triple-Net
- Anchored by a Top-Performing La Michoacana Meat Market | This Location is Ranked in the Top 74th Percentile in the State of Texas, Compared to other La Michoacana Stores (Source: Placer.ai)
- Established Tenant Base with a Diverse Mix of Grocery, Medical, Discount Retail, Food & Beverage, and Essential Services
- Current Average Rents are Approximately 30% Below Market, Offering Significant Future Upside Potential
- Landlord Reports a New Roof was Installed in 2021 on the Shopping Center Building (58% of the GLA), Reducing Near-Term Capital Expenditure Requirements
- Large Double-Sided Monument Sign Provides Additional Exposure to the Center
- Property is Comprised of One Multi-Tenant Building and Two Single-Tenant Buildings (The Salvation Army and Carmotive Total Auto Care) Situated on 6.34 Acres | Easily Accessible from Multiple Ingress and Egress Points
- Located at the Signalized Hard-Corner Intersection of Highway 6 and Beechnut Street | Cumulative Traffic Counts Exceed 78,630 Vehicles per Day
- Numerous National Retailers in the Immediate Area Including Dollar General, World Food Market, Fitness Connection, Kroger, Chipotle Mexican Grill, Chase Bank, Wendy’s, Wingstop, Smoothie King, Dollar Tree, and Many Others
- Strong Daytime Employment Population of Approximately 94,499 People within a Five-Mile Radius
- Surrounding Area has Excellent Demographics | Residential Population is 393,615 People with an Average House Hold Income of $81,417 within a Five-Mile Radius
- Houston is the Most Populous City in Texas and the Fifth Most Populous City in the United States | One of the Largest International Trading Hubs in the Americas
