The Market at City Park

Price: $5,201,000
Sq. Ft.: 8,024
Cap Rate: 6.01%
Absolute NNN
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The Market at City Park is to be fully leased to a complementary mix of nationally recognized and service-oriented tenants, including Chipotle, Marble Slab Creamery & Great American Cookies (pending), The UPS Store, and TLN Family Dental, offering a diversified income stream with daily-needs retail and internet-resistant tenancy. The tenant lineup is specifically curated to serve the expanding residential base and workforce population in the immediate trade area. All leases are on triple-net terms, ensuring limited landlord responsibilities. The center boasts contemporary architecture, featuring a drive-through lane and outdoor dining patio at the end cap suite leased to Chipotle.

The property is to be shadow-anchored by a new Joe V’s Smart Shop by H-E-B, a value-oriented grocery concept, that is slated to start construction Summer 2026. The planned ~56,000+ square-foot store represents a significant investment into the submarket and serves as a catalyst for continued retail and residential expansion in the surrounding area. Situated within the City Park master-planned community, a 475-acre development located just minutes from Houston’s largest employment hubs – Texas Medical Center and Downtown Houston – the Property benefits from a rapidly expanding residential population and strong commuter connectivity along Highway 288.

 

NEW 2024 , CLASS A CONSTRUCTION IN MASTER-PLANNED COMMUNITY

Delivered in 2024, this retail asset offers institutional-quality construction and modern design, strategically located within the City Park master-planned community. The building features metal awnings, a patio for outdoor dining, and drive-through lane on the Chipotle end cap suite.

100% LEASED TO A STRONG MIX OF NATIONAL RETAILERS

Leased to Chipotle, The UPS Store, TLN Family Dental, and Marble Slab Creamery & Great American Cookies (pending), providing a diversified mix of national and service-oriented tenants with internet-resistant uses.

Grocery-Anchored Development Driving Daily Traffic

Joe V’s Smart Shop is planned to start construction Summer 2026 and will anchor The Market at City Park development. Joe V’s is part of the H-E-B family of brands, operating in both the Houston and Dallas-Fort Worth areas. Other surrounding pad sites include 7-Eleven, Whataburger, McDonald’s, Panda Express, and others in development.

CLICK HERE: https://realtynewsreport.com/h-e-b-to-construct-a-new-joe-vs-smart-shop-in-houston/

PRIME FREEWAY FRONTAGE AT SIGNALIZED, HARD CORNER IN HIGH-TRAFFIC CORRIDOR

Situated along South Freeway (Hwy 288) at the signalized intersection with West Orem Drive, the asset benefits from cumulative traffic counts of 150,340+ vehicles per day, excellent visibility and access to one of Houston’s primary commuting arteries.

Proximity to Major Employment Hubs

Minutes from the Texas Medical Center, Downtown Houston, and major employment corridors. Texas Medical Center is the largest medical complex worldwide, with 120,000 employees and $63 billion in economic impact.