Las Palmas Plaza

91%+ Occupied | Significant Below-Market Rent With Potential Upside
Las Palmas Plaza is approximately 91% occupied across four tenants on leases extending through 2028–2032, delivering immediate, stable cash flow. In-place rents average $12.88 PSF annually against an estimated market rent of $21.00 PSF — a 60%+ delta that represents a clear path to NOI growth as leases roll.
Within 9.8 Miles of William P. Hobby Airport
A major Southwest Airlines hub, the center draws consistent consumer demand from travelers, airport and hospitality workers, and the dense residential base that supports the broader Hobby Airport District economy.
326,570+ Residents Within a 5-Mile Radius
Situated within the Houston MSA, Las Palmas Plaza is surrounded by one of the most densely populated trade areas in Southeast Houston, with over 326,570 residents within a five-mile radius supporting sustained demand for the convenience and service retail that defines the center’s tenant mix.
Direct Access to Interstate 45
Las Palmas Plaza offers immediate access to Interstate 45, with an excess of 250,000 vehicles per day, positioning the center at the intersection of regional commuter flow and local neighborhood demand.

Navigation Menu