JLL presents the opportunity to acquire Blalock Shopping Center (the “Property” or “Asset”). At 5.0 acres, Blalock Center offers the perfect size for future development within one of Houston’s fastest growing submarkets. With a healthy in-place NOI and only 4.5 years of WALT, Blalock Center provides investors the rare opportunity to purchase highly desirable, infill real estate while paying down their basis until ready to develop.
- 4.5 YEARS OF IN-PLACE WALT
- BASIS WELL BELOW REPLACEMENT COST
- VALUE-ADD OPPORTUNITY VIA MARKING RENTS TO MARKET
- HIGH TRAFFICKED INTERSECTION WITHIN THE AFFLUENT MEMORIAL VILLAGES
- PROXIMITY TO OVER 395,000 RESIDENTS WITHIN A 5-MILE RADIUS