North Freeway Retail Center — Sale in Houston, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Houston, TX 77090
  • Year built: 2021

Photos

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Description

Marcus & Millichap is pleased to present North Freeway Retail Center, a rare opportunity to acquire a newly constructed 7,500-square-foot retail building positioned along one of Houston's highest-trafficked commercial corridors at the signalized intersection of Interstate 45 and FM 1960. Unlike most retail acquisitions burdened by existing leases, outdated improvements, or functional obsolescence, the property is delivered in shell condition, allowing ownership to design the optimal tenant mix and maximize long-term value from day one. The building was intentionally designed with exceptional leasing flexibility, including the ability to accommodate multiple suite configurations, a single-user conversion, or an end-cap drive-thru tenant. Combined with modern construction, outstanding freeway visibility, abundant parking, and exposure to more than 263,000 vehicles per day, the property offers investors and owner-users a highly adaptable platform capable of serving today's strongest retail, restaurant, medical, and service-oriented users. Investment Highlights: • NEWER CONSTRUCTION WITH MODERN DESIGN • MULTIPLE LEASING CONFIGURATIONS • DRIVE-THRU OPTIONALITY • EXCEPTIONAL FREEWAY VISIBILITY

Market Context

This retail in Houston, TX is listed for sale. The building dates to 2021. Compare it against other retail listings for sale in Houston, TX — view the full market.

As of Q1 2026, the Houston retail market showed a 5.5% vacancy rate, average asking rents near $21.28/SF/yr, rents up 2.5% year over year, and cap rates around 7.5%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Houston?
About 7.5% as of Q1 2026, per multiple brokerage reports.
Is the Houston retail market tightening or softening?
Vacancy is around 5.5%, with asking rents rising year over year (Q1 2026).

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