Marcus & Millichap is pleased to present the opportunity to acquire a 100% leased 19,523-square-foot two-tenant parcel of the Ravenwood Village Shopping Center located in Huntsville, TX. Five Below and Popshelf are both national retailers on triple net leases with over seven years remaining on term. Each store has multiple renewal options with rental increases in each term. The subject property is an exciting opportunity for both new and experienced investors to add a fully stabilized asset with no operating expenses to their portfolio.
The subject property is a parcel of the Ravenwood Shopping Center. It is surrounded by national retailers such as Academy Sports and Outdoors, Target, Kroger, Marshalls, Ross Dress for Less, Dollar Tree, Petco, and others. There are also a number of popular restaurants around the property such as Chick-fil-A, Whataburger, Raising Cane’s, Panda Express, Freddy’s Steakburgers and Olive Garden. The stores have excellent visibility from I-45 which has over 54,824 vehicles per day. Both stores see over 155,000 visitors a year and Popshelf is ranked in the top 95% of stores nationwide. Ravenwood Village is ranked in the top 80% of shopping centers nationwide and sees over 3.7M visitors a year.
- 19,523-Square-Foot Two-Tenant Parcel
- Part of A Larger Shopping Complex With Multiple National Retailers Such as Target, Kroger, Academy Sports, Dollar Tree, Petco, and More
- Fully Stabilized With Triple Net Leases | Renewal Options with Rental Increases in Each Term
- Over 7 Years Remaining on Term for Each Tenant
- Popshelf is Ranked in the Top 95% of Locations Nationwide (Via Placer.ai)
- Directly Visible from Interstate 45 That Connects Dallas to Houston | Over 54,824 Vehicles Per Day
- Adjacent to TxDOT’s $200 Million Interstate 45 Reconstruction Project | Will Expand to Six Lanes With a Concrete Median | Expanded Bridge on Smither Dr
- Neighboring Recently Approved Legacy Pines Community Development | Over 1,140 Acres of a Master Planned Community Including a Championship Golf Course, Greenbelt with Trail Network, Multiple Residential Areas, and Elementary School
- Close Proximity to Reverend C.A Holliday Transfer and Correctional Facility | Employs Over 430 Staff Members | Established in 1994 and Sits on Approximately 1,396 AC
- Sam Houston State University is Less than 3 Miles Away | Average Enrollment of 21,000 Graduate and Undergraduate Students
- Huntsville is Experiencing Significant Growth | Located Less than an Hour From Houston | Population Projected to Increase over 8% Over the Next Five Years
