background-Main Street at Kingwood

Main Street at Kingwood

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.

Richard Kimble, Portfolio Manager

Further information

Houston is one of the 16 U.S. cities selected to host the World Cup in 2026. The selection will be a major boon for the economy, hospitality and infrastructure. Houston’s median household income is $64,711, higher than the overall U.S. median household income. Port Houston cargo volume totaled 38.3 million tons in 2017, representing a 9% increase in volume from 2016.

Sego Lily, GCREIT holding
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These properties represent select holdings at the time of publication and are not meant to represent the entire portfolio. The opinions expressed are reflective of the manager's views at the time of acquisition.