Home Depot, Kroger Adjacent Land - ±1.04 AC Houston MSA | 290K VPD Highway Visibility
RealINSIGHT Marketplace Online Auction May 3-5, 2021
±1.04 AC Home Depot & AMC adjacent outparcel within dense suburban Houston submarket
Positioned near intersection of I-45 with ±200K VPD and Sam Houston Tollway (Beltway 8) with ±90K Vpd
Flexible Commercial Zoning ideal for retail
Development previously approved for 10K retail strip center (construction plans in document vault)
±256,230 residents with average household income of $78,858 within a 5-mile radius
CBRE and RealINSIGHT Marketplace are pleased to present Home Depot & AMC Theater Adjacent Land (“Property”) located on Dickinson Road in suburban Houston, Texas. This Property offers an exceptional investment opportunity to develop a parcel with prime visibility to over 290,000 vehicles per day and adjacent to Home Depot.
The Property is an outparcel to AMC Theaters and consists of ±1.045 acres at the intersection of Dickinson Road and AMC Theater Drive. The Property benefits from visibility and access from ±90,915 vehicles per day on Sam Houston Tollway (Beltway 8) and ±200,879 vehicles per day on I-45. Initial site development and construction plans have been completed for a ±7,202 SF retail strip center and adjacent ±1,801 SF ice cream parlor (available construction plans are located within the document vault). The Property is in a robust trade area near a mix of multi-family housing and retail demand generators. National retailers include Home Depot, CarMax, Kroger, Petco, Jack in the Box, Kfc, and others.
Houston is the fourth most populous city in the nation, trailing only New York, Los Angeles, and Chicago, and is the largest city in the southern U.S. and Texas. Houston is also the fastest growing MSA in the nation with the nation's second youngest median age among large metropolitan areas in the United States. Furthermore, Houston ranks fourth in the nation for being home to Fortune 500 major corporate headquarters. The Property's location offers excellent real estate fundamentals within a robust area and extremely dense and compelling demographics with a 2020 population of ±257,880 people and an average household income of $79,733 within a 5-mile radius. The area has benefited from significant population growth of ±8% from 2010-2020 and will continue to benefit from a population that is expanding, with ±4% growth projected from 2020- 2025 (5-mile radius).