ROSE-RICH SHOPPING CENTER - ROSENBERG, TEXAS

Sales Price: $8,235,000
Actual NOI: $741,112
Cap Rate: 9.00%

  • Proven location with Avenue H (US Highway 90A) frontage in the rapidly expanding community of Richmond-Rosenberg
  • Good physical layout of center with desirable space configurations and excellent visibility
  • The surrounding trade area has a solid single-family residential base
  • 3-mile projected population growth of over 18% by the year 2015
  • Fort Bend County population is projected to grow by almost 18% by the year 2015; after a 59% growth since the year 2000
  • Upside available through increases in rents to market at least expiration and through scheduled step and option rent increases
  • Institutional ownership and maintenance 

  



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George Cushing
713.425.5849
Click to email george.cushing@am.jll.com   Click to download vCard

Wendy Vandeventer
713.425.5845
Click to email wendy.vandeventer@am.jll.com   Click to download vCard

 
Jones Lang LaSalle• 200 East Randolph Drive• Chicago, Illinois 60601• Tel: +1 312 782 5800• Fax: +1 312 782 4339 • www.joneslanglasalle.com
The information contained herein was obtained from sources believed reliable; however, Jones Lang LaSalle Company makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. All persons and firms named in this Offering are licensed brokers or salespersons.