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La Porte Plaza 112 Highway 146 S 20,477 SF 94% Leased Retail Building La Porte, TX 77571 For Sale
Executive Summary
Strategic Infill Location
• Located along TX-146 in La Porte, a high-traffic retail corridor linking to SH 99
(Grand Parkway)
• Positioned within the greater Houston MSA, one of the fastest-growing metros in the U.S.
• Adjacent to major industrial hubs, Port of Houston, and employment centers
• Dense surrounding residential population supporting daily retail demand
NNN Lease Structure (Passive Investment)
• Triple-net (NNN) leases across all tenants
• Tenants reimburse for CAM, insurance, and property taxes
• Limited landlord responsibilities
• Predictable and stable cash flow
Houston MSA Market Strength
• Located within a 7.6M+ population metro
• Strong job growth driven by logistics, energy, and healthcare
• Continued population growth fueling retail demand
• Business-friendly environment with no state income tax
Below-Market Rents & Upside Potential
• Average in-place rents below comparable market rates
• Built-in rental growth through renewals and leasing of vacancy
• Opportunity to enhance long-term yield
Anchor Tenant Stability
• Dollar Tree serves as the primary anchor tenant and recently extended its lease
• 16,000+ locations nationwide with strong brand recognition
• Discount retail model performs well across economic cycles
• Drives consistent daily traffic to the center
• Located along TX-146 in La Porte, a high-traffic retail corridor linking to SH 99
(Grand Parkway)
• Positioned within the greater Houston MSA, one of the fastest-growing metros in the U.S.
• Adjacent to major industrial hubs, Port of Houston, and employment centers
• Dense surrounding residential population supporting daily retail demand
NNN Lease Structure (Passive Investment)
• Triple-net (NNN) leases across all tenants
• Tenants reimburse for CAM, insurance, and property taxes
• Limited landlord responsibilities
• Predictable and stable cash flow
Houston MSA Market Strength
• Located within a 7.6M+ population metro
• Strong job growth driven by logistics, energy, and healthcare
• Continued population growth fueling retail demand
• Business-friendly environment with no state income tax
Below-Market Rents & Upside Potential
• Average in-place rents below comparable market rates
• Built-in rental growth through renewals and leasing of vacancy
• Opportunity to enhance long-term yield
Anchor Tenant Stability
• Dollar Tree serves as the primary anchor tenant and recently extended its lease
• 16,000+ locations nationwide with strong brand recognition
• Discount retail model performs well across economic cycles
• Drives consistent daily traffic to the center
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
20,477 SF
Building Class
B
Year Built
2014
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
2.30 AC
Parking
114 Spaces (5.57 Spaces per 1,000 SF Leased)
Frontage
379’ on Hwy 146
Amenities
- Tenant Controlled HVAC
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Broker of Record Patrick Graham License No. 9005919 (TX) (866) 889-0550 Matthews Real Estate Investment Services, Inc 8300 Douglas Ave., Ste. 750, Dallas, TX 75225
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,187 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 1,187 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size | 1,187 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Broker of Record Patrick Graham License No. 9005919 (TX) (866) 889-0550 Matthews Real Estate Investment Services, Inc 8300 Douglas Ave., Ste. 750, Dallas, TX 75225
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0231820470033 | Improvements Assessment | $3,873,511 CAD |
| Land Assessment | $1,660,450 CAD | Total Assessment | $5,533,961 CAD |
Property Taxes
Parcel Number
0231820470033
Land Assessment
$1,660,450 CAD
Improvements Assessment
$3,873,511 CAD
Total Assessment
$5,533,961 CAD
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La Porte Plaza | 112 Highway 146 S
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