Y Shops at Peek Road

- SOLD: November 2023

- Represented: Seller

- Sale Price: $7,700,000

- Property Type: Multi-Tenant NNN Retail Shops

Newly Constructed (2018) Shopping Center

Affluent Trade Area - Richmond (Houston), TX

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- Multi-tenant NNN investment opportunity in Richmond / Katy ( West Houston), TX - High Growth / Affluent Trade Area

- Ideal 1031 Exchange Opportunity / Ease of Management - NNN leases with staggered lease expirations 

- Newly Constructed (2018) - Limited to no deferred maintenance

- Top Retail Intersection - Located directly across the street from a brand new, premier 100 acre mixed-use/lifestyle center, “District West”

- Exceptional demographics / Expected growth of over 10% within a 1 mile radius

- Toll Road / Off-Ramp Location - Traffic counts exceeding 33,000 vehicles per day along Westpark Tollway (Toll Road) 

- Excellent site configuration with coveted access and visibility

- Booming retail trade area / Surrounded by dominant grocers and retailers within 2 miles

- Affluent Trade Area - The average household income is over $150,000 within a 1 & 3 mile radius of the property

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