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8021-8193 Antoine Dr, Houston, TX, 77088

Inwood Shopping Center

$10,790,000

Key Information

$ per SF
$131
Tot. SF
82,075
Lot Size
3.45 Acres
Units
26
Year Built
1982 / 1986 (R)
Type
Shopping Centers
Occupancy
93.73%
NOI
$608,978

Highlights

• 98th Percentile Nationwide According to AlphaMap Dollar General + dd’s DISCOUNTS Anchors: Dollar General ranks in the 98th percentile nationwide according to AlphaMap. Combined with DD’s Discounts at 21,907 SF, the two anchors occupy approximately 40% of the center with leases extending through 2032, providing a strong base of stable cash flow and reducing near-term anchor replacement risk.
• 38% Rent Gap to Market | Near-Term NOI Growth Opportunity: Current rents average $8.56 PSF versus estimated market rents of $14.00 PSF, creating significant embedded rent-growth potential. Nearly 38% of occupied space expires in 2027, with another 16.5% in 2029, providing new ownership multiple opportunities to capture market rent increases and grow NOI.
• 1.8-Year WALT | Significant Embedded Rent Growth: The center’s 1.8-year WALT provides new ownership with a clear path to capitalize on below-market rents as leases roll. With substantial upcoming expirations and current rents well below market, ownership can pursue rent resets toward market levels and unlock additional value through lease-up and renewal activity.
• 35,000+ Daily Vehicles | High-Visibility Retail Location: The intersection of Antoine Drive and W Gulf Bank Road generates more than 35,000 vehicles per day, providing the center with strong visibility and exposure to a significant volume of daily traffic. The location benefits from established retail demand and convenient access along a highly traveled Houston thoroughfare.
• Growing NW Houston Submarket | 133K People Within 3 Miles: The Brookhollow/Inwood corridor continues to benefit from residential growth and migration from higher-cost surrounding areas. The 3-mile population has increased 2.9% since 2020 to approximately 133,000 residents, with approximately 320,000 residents within 5 miles and 1.3 million within 10 miles. The center’s mix of discount retail, medical, service, and food tenants is positioned to serve a broad and growing consumer base.
• 93% Occupied | Diversified 26-Tenant Base: The center is 93% occupied with 26 tenants across discount retail, medical, services, and quick-service food. The diversified tenant mix helps reduce reliance on any single tenant and provides multiple avenues for future leasing and rent-growth opportunities.

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Location

Agents

Broker of Record

Patrick Graham

License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204