The Docks at Timbergrove — Sale in Houston, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Houston, TX 77008

Photos

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Investment Figures

Cap rate
6.26%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

DIVERSE TENANT MIX WITH LONG-TERM INCOME STABILITY • Prime 131 is backed by Berg Hospitality Group, owner and operator of several of Houston’s premier dining destinations, including B&B Butchers, Turner’s, Trattoria Sofia, The Annie Café & Bar, and Buttermilk Baby. • Complementary mix of dining, wellness, beauty, and professional service tenants drives consistent customer traffic. • Long-term leases extending through 2033–2034 provide durable income. EXCEPTIONAL HEIGHTS/TIMBERGROVE LOCATION • Excellent accessibility with immediate proximity to Loop 610, providing regional connectivity throughout Houston. • Minutes from Downtown Houston, The Heights, Memorial Park, and major employment centers. • Surrounded by significant residential redevelopment, new mixed-use projects, and continued population growth supporting long-term retail demand. HIGH-TRAFFIC URBAN INFILL INVESTMENT • Excellent visibility with approximately 8,200 VPD on W. 11th Street and over 305,000 VPD on Loop 610. • Located within one of Houston’s strongest demographic corridors featuring affluent households and dense surrounding residential development. • Houston MSA continues to rank among the nation’s fastest-growing metropolitan areas, supporting long-term retail fundamentals and tenant demand. Investment Highlights: • Premier 24,207 SF mixed-use retail property situated on approximately 1.99 acres in one of Houston's fastest-growing urban infill submarkets. • 100% occupied asset providing immediate, stable cash flow. • Attractive modern redevelopment featuring contemporary architecture and an abundance of parking (including covered parking).

Market Context

This retail in Houston, TX is listed for sale. It is offered at an approximate 6.3% capitalization rate, a key benchmark for income-producing retail assets. 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.

Its 6.3% asking cap rate is below the Houston retail market average of about 7.5%, reflecting premium pricing relative to comparable assets. 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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