Greyhound Development
La Marque, Texas
NOT OPEN TO GENERAL SOLICITATION
The Opportunity
Sage is pleased to present another opportunity to partner with Main Street Commercial Partners for a retail development in Southeast Houston. The 7.2-acre Greyhound Development ( the “Development”) site will consist of 7 single-tenant, NNN pad developments at a critical intersertion in this market.
Key Highlights
Great Submarket: Located at a key retail intersection in southeast Houston. The southeast Houston market benefits from an affordable housing stock plus strong employment drivers such as the port of Houston, petrochemical industry, and the medical center.
Key Retail Intersection: Walmart and Sam’s Club anchor the intersection along with several other national quick service retailer restaurants such as Whataburger, Wendy’s, and Taco Bell. Furthermore, there is early interest from high quality national retailers to take the space immediately south of the 7 acres which would further boost the projects long-term viability.
Early Interest from Premier Retailers: A whos’ who of Quick Service Restaurants and typical pad site retailers have expressed interest and/or signed LOI’s for to be at the intersection.
Strong Demand Drivers: Southeast Houston is home to the highest concentration of medical professionals in Houston (10-15%), the Port of Houston (#1 in the US in imports and exports), NASAN major petrochemical installations ($100 bn capital investment), Kemah Boardwalk, and Galveston.
Project Summary
Address: I-45 & FM-1764 (SW Corner) La Marque, TX 77568
Development Zoning: None
Number of Buildings: Seven single tenant pads
Land Area: 7.2 Acres
Approximant Time Frame: 3-5 Years
Potential Tenants: McDonald’s (LOI), Chipotle (Site Approved), Sevens Brew Coffee (LOI), and Raising Canes (LOI)
The Asset
Market Demographics
$1,300,000
Offering size
Timing
Timing of Funds:
October 3rd, 2022
Timing of Close:
October 14th, 2022
Management Team
Main Street Commercial Partners is a Texas-based commercial real estate firm primarily focused on enhancing the Texas landscape through thoughtful development and redevelopment endeavors. The team specializes in commercial mixed-use, urban infill, and suburban shadow grocery, and our services include asset management, tenant representation, project leasing, acquisition and disposition. They buy income producing assets, develop shopping centers and Class A storage facilities, reposition high quality commercial real estate assets and fastidiously manage and lease them to generate the highest potential for our real estate investors. The team is opportunistic and looks to core valued product. At heart, Main Street is comprised of entrepreneurs with a love for prime real estate.
