Main Street at Kingwood offers exposure to the retail sector in Houston, one of the fastest growing major cities in the U.S. Houston’s population growth and GPD per capita are both important drivers for retail demand. The property offers a strong diversified tenant mix, durable income stream, and strong demographic outlook.
The property is located 27 miles northeast of downtown Houston in Kingwood, one of the largest, most established master planned communities in Houston. The area features a strong demographic profile with an average household income of $143,000 within a 5-minute drive time, $129,000 within a 10-minute drive time of the property and $118,000 within a 15-drive time of the property.
When it comes to the retail sector, asset selection is more important than ever. With an incredibly strong anchor tenant, on a long-term lease, and mix of ‘internet-resilient’ in-line tenants, the center is well positioned to perform.