JLL is pleased to offer the opportunity to acquire Shops of Bella Terra, an institutionally owned and operated regional power center ideally positioned at the gateway to the award-winning Cinco Ranch master-planned community. Surrounded by an educated and fast growing, high income residential population, the center has attracted a dedicated base of nationally recognized tenants. The center provides a Class A shopping experience while still providing buyers the opportunity to generate value-add returns via a mix of lease-up and contractual rent increases. Located along Houston’s outer loop highway, the Grand Parkway, the center boasts excellent visibility along this major thoroughfare and additionally benefits from adjacent Kohl’s and Walmart shadow anchors, all of which contribute to making Shops of Bella Terra the #1 most visited center within a 5-mile radius.
- Highly sought-after destination for retailers with a quality rent roll of nationally recognized tenants
- 98,564 SF of in-place tenancy has renewed or re-affirmed leases since January 2020
- Super-Walmart Shadow Anchor drives significant traffic into the center with 1.5 million store visits over the past 12 months
- 5.0-year anchor tenant WALT
- $162,371 average household income within a five-mile radius of the property
- Core quality real estate with strong in-place returns and value-add components
- Impressive cash flow growth will generate a 41% increase in NOI over ten years