Copper Lakes Shopping Center – Offering Memorandum

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NewQuest Properties is pleased to exclusively offer for sale a stabilized mixed-use neighborhood center totaling 23,080 square feet (SF) in Houston, Texas. Copper Lakes Shopping Center (the “Property”) consists of a 16,080 SF fully-leased retail strip center and a 7,000 SF office building located at the intersection of West Road and Queenston Boulevard in the Cypress-Fairbanks (Cy-Fair) market of Northwest Houston. The property benefits from the dense high-income demographics of surrounding neighborhoods, all zoned to the highly acclaimed Cy-Fair ISD, as well as several schools and churches in close proximity. The only shopping center at an intersection that sees over 40,000 cars per day, Copper Lakes Shopping Center has and will continue to capitalize on very little competition for retail space in the immediate vicinity.

Price: $4,900,000
In-Place NOI: $343,325
Cap Rate: 7.0%
Address: 17111 West Rd., Houston, TX 77095
Year Built: 2007
Building Size: 23,080 SF
Lot Size: 2.68 acres
Tenants: Fitness 19, EZ Floors, ZL Dental, Snowflake Donut, State Farm, Hollywood Fashion Nails

  • Established neighborhood center in thriving Cy-Fair market
  • Very little competition within a 1-mile radius
  • Below market rents
  • Close proximity to US 290 and Hwy 6/FM 1960
Location:
SWC of West Rd. and Queenston Blvd.
City:
Houston
Available for Sale:
2.68 Acres
Broker:
Austen Baldridge | 281.477.4363 | abaldridge@newquest.com
Brad Elmore | 281.477.4362 | belmore@newquest.com