Haute Harwin Fashion Center

Price: $5,752,000
Sq. Ft.: 38,813
Cap Rate: 6.5%
Pro Forma Cap Rate: 7.82%
Built: 2004

Marcus & Millichap is pleased to present the opportunity to acquire a 38,813-square-foot, multi-tenant neighborhood retail center located in Houston, Texas. Haute Harwin Fashion Center is currently 93 percent occupied, and 86 percent of the gross leasable area has triple-net leases, providing upside potential in leasing the remaining vacancies. The tenant base is a complementary mix of service-oriented businesses, including Ajmal Anar, LED Factory/Promotional Signs, Jardines Reception Hall, Pure Natura, Optifly Flight Simulation Center, Vanity Storm Fashion Studio, Cellular Wear, Bun Kabob, Great Empire, and Liquor Palace. The center was constructed in 2004 and is situated on a 2.82-acre parcel with ample paved parking. A large double-sided pylon sign provides additional exposure to the center.

  • 38,813-Square-Foot, Multi-Tenant Retail Center
  • Upside Potential | 93% Occupied | 86% of the Gross Leasable Area has Triple-Net Leases | Pro Forma Cap Rate is 7.82%
  • Current Average Rents are Well Below Market
  • Tenant Base is Complementary Mix of Service-Oriented Businesses
  • Priced at $148 per Square Foot
  • Signalized, Hard Corner Location at the Intersection of Harwin Drive and Savoy Drive | Cumulative Traffic Counts Exceed 29,795 Vehicles per Day
  • Property is Easily Accessible from Multiple Ingress and Egress Points | Features a Large Double-Sided Pylon Sign Providing Additional Exposure to the Center
  • Near Numerous National and Regional Retailers Including H-E-B Grocery, Chick-fil-A, Kroger, Party City, Target, Home Depot, Walmart, Ross Dress For Less, Academy Sports and Outdoors, DSW Designer Shoes, and Many Others
  • Located less than Five Miles from Houston Galleria, the Largest Mall in Texas and Seventh Largest in the United States | 30 Million Visitors Annually
  • Well Positioned to Serve an Extremely Dense Residential Population of More Than 559,116 People Within a Five-Mile Radius | Average Household Income is $93,723
  • 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