Huntsville Shopping Center

Address

1601 11th Street
Huntsville, TX 77340

Property Overview

Edge Capital Markets is pleased to present the opportunity to acquire Huntsville Shopping Center (“Property”), a 100% leased, 7,350 square foot multi-tenant asset positioned in Huntsville, Texas. The Property has a coveted location at a signalized intersection along U.S. Highway 190, the dominant retail thoroughfare for both the city of Huntsville, as well as the neighboring towns. The intersection is anchored by strong national tenants, including a well-performing H-E-B, with over 2.2 million annual visitors.

The Property’s tenants are a well-balanced collection of consumer-focused uses that are internet resistant and tap into the captured consumer audience from the Sam Houston State University (“SHSU”). SHSU continues to provide a significant economic boom to the trade area based on its outsized consumption patterns as well as its ever-increasing student base.

The acquisition of Huntsville Shopping Center provides investors with the opportunity to acquire a fully leased asset within a college town and regional hub that provides a reliable a diversified cash flow.

Investment Highlights

H-E-B Shadow Anchored: Huntsville Shopping Center’s proximity to a top performing H-E-B provides substantial cross-traffic for the Property’s tenants and bolsters the Property’s long-term success. As one of the only H-E-B grocers within a 20-mile radius, and with over 2.2 million annual visits, H-E-B continues to be among the largest driving forces of consumer activity within the residential area surrounding the Property and provides a substantial regional draw to the intersection.

Captured Consumer Base: Sam Houston State University has an enrollment just over 24,000 students and 5,000 employees, providing the Property with a captured consumer audience that provides a significant economic boom to the trade area based on its outsized consumption patterns. In addition, Huntsville’s charm, college vibes, museums, and proximity to Houston, Texas have solidified the city as a viable tourist destination.

E-Commerce Resistant Tenant Mix: The Property features a well-balanced collection of consumer-focused service and restaurant tenants that all catering to the daily needs of the surrounding trade area. These experience tenants provide a consistent, diversified rental income stream with 4.32 years weighted average term remaining and staggered lease expirations thereafter providing a reliable investment. In addition, half of the tenants have one or more options, as well as annual rental escalations.

Hard Corner at Signalized Intersection: Huntsville Shopping Center is located at the signalized intersection of Hwy 75 N/ Ave Q and U.S. Hwy 190, Huntsville’s dominant retail corridor. The Property has exceptional visibility from U.S. Hwy 190, which connects the Property to the surrounding established residential neighborhoods and carries over 30,000 cars per day.