Lakes on Eldridge Centre

Price: $8,524,000
Sq. Ft.: 30,095
Cap Rate: 6.79%
Built: 1999

Lakes on Eldridge Centre is a 100 percent occupied, 30,095-square-foot, multi-tenant neighborhood retail center in Houston, Texas. Approximately 91 percent of the gross leasable area has triple-net leases. Tenants are a complementary mix of internet-resistant, service-oriented businesses, including Pho H&K, Sweet Donuts, Hempire CBD Wellness Center, Rose Nails and Hair, Subway, Roasti Pollo, Breakthrough Harvest Church, Phoenix Rising Smoke N Vapor, Creative Playhouse Kids, China Village, Cell Phone Repair, Edward D. Jones, Tanner Lakes Animal Clinic, Neat Cleaners, Thailandia Massage, and Dr. Shehnaz M. Shirazi, DDS. The center was originally constructed in 1999 and is situated on 2.1 acres with ample paved parking. The subject property has two large double-sided monument signs, providing additional exposure to the center.

Lakes on Eldridge Center is located at the signalized, hard corner intersection of North Eldridge Parkway and Tanner Road and is easily accessible from multiple ingress and egress points. Cumulative traffic counts exceed 50,400 vehicles per day. Nearby national and regional retailers include Jack in the Box, CVS, Kroger, FedEx, McDonald’s, Bank of America, LA Fitness and many others. The subject property is also in close proximity to major employers such as Toshiba International Corporation, providing a daytime employment population of approximately 148,712 people within a five-mile radius.

  • 30,095-Square-Foot, Multi-Tenant, Neighborhood Retail Center
  • 100% Occupied | 91% of the Gross Leasable Area has Triple-Net Leases
  • Tenant Base is a Complementary Mix of Internet-Resistant and Service-Oriented Restaurants and Businesses
  • Long-Term, Established Tenants | 30% of the Gross Leasable Area has been Leased to Tenants for 10+ Years, and Four of Those Tenants have been In Place Since Building Completion
  • Signalized, Hard Corner Location at the Intersection of North Eldridge Parkway and Tanner Road | Cumulative Traffic Counts Exceed 50,400 Vehicles Per Day
  • Property is Easily Accessible from Multiple Ingress and Egress Points and Features Two Large Double-Sided Monument Signs
  • Adjacent to a Jack in the Box Pad Site (Not a Part)
  • Well Positioned to Serve a Community of More than 239,419+ Residents Within a Five-Mile Radius and a Large Daytime Workforce of 148,712+ Within Five Miles
  • Highly Affluent Surrounding Area | Average Household Income is $164,429 Within a One-Mile Radius and $103,917 Within a Five-Mile Radius
  • Located Near Traffic Drivers such CVS, Kroger, LA Fitness, and Others | Close Proximity to Major Employers Including Toshiba International Corporation (1,100+ Employees)
  • 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