Closed $7,400,000 Asking Price - Featured, Multi-Tenant
Creekside at Town Center is a 13,925 square foot multi-tenant retail property at the signalized intersection of State Highway 6 and the Southwest Freeway (Highway 59) in Sugar Land, Texas, the most dynamic city in the southwest portion of the Houston MSA. Sugar Land is located 20 miles from the Houston CBD and has a population of approximately 86,495 people. The Highway 6 / Highway 59 intersection is the focal point of retail and office development in not only Sugar Land but Fort Bend County, which it is part of.
The subject property is the only shopping center in the 32 acre Creekside at Town Center mixed-use project developed by PCD in 1993. Among the businesses in the development which consists of freestanding single tenant buildings and a couple small office buildings is the 15 acre Mercedes Benz Dealership, Chase Bank, Lupe Tortilla, BJ’s, Carrabba’s, Chuck E. Cheese’s, and Red Lobster among others. Town Center Boulevard which begins at Southwest Freeway on the development’s east end is a loop that intersects with Highway 6 and becomes the main street of the 1.4 million Sugar Land Town Square development at the southwest corner of the Highway 6 / 59 intersection.
- CAP Rate: 6.75%
- Price Per Square Foot: $531.00/SF