12910-12918 Malcomson Rd 9,830 SF Retail Building Houston, TX 77070 $3,968,650 CAD ($403.73 CAD/SF) 7% Cap Rate

Malcomson Center is a strategically located neighborhood retail asset positioned at the signalized intersection of Grant Road and Malcomson Road in the rapidly expanding Cypress submarket of Houston, offering investors a strong combination of in-place income and immediate value-add potential. Currently 87% leased, the property presents a unique opportunity to enhance returns through the lease-up of the remaining vacancy, making it an attractive acquisition for investors seeking both stability and upside. The final available suite, a 1,300 SF move-in-ready space at 12916 Malcomson Road, is a second-generation unit that is fully built out and requires minimal tenant improvements, allowing for quick occupancy and accelerated revenue stabilization.
This remaining vacancy is strategically positioned between two highly synergistic tenants—Jazzercise (2,130 SF), a nationally recognized fitness brand that generates consistent daily traffic and attracts a loyal, health-conscious customer base, and Cadalawn Health and Wellness Clinic (1,700 SF), a wellness-oriented medical provider that drives repeat patient visits and steady daytime activity. This powerful co-tenancy creates a built-in health and wellness corridor, making the available space exceptionally well-suited for complementary uses such as smoothie or juice bars, health-focused cafés, nutrition and supplement retailers, or boutique wellness and recovery services. The existing tenant mix naturally supports cross-traffic, enabling a new tenant to quickly integrate into an established customer ecosystem and benefit from immediate visibility and demand.
Beyond its leasing upside, the property benefits from strong surrounding demographics, an affluent and growing trade area, and excellent accessibility, further reinforced by a favorable parking ratio of 8+:1,000, which enhances convenience for both tenants and visitors. Recent capital improvements and the presence of a stable anchor tenant in Crafthouse Grill contribute to the property’s operational strength and long-term performance. With its prime location, complementary tenant mix, and clear path to full stabilization, Malcomson Center offers investors a rare opportunity to acquire a near-stabilized retail asset with measurable upside, where completing lease-up can drive increased NOI growth, enhanced asset value, and long-term appreciation potential in one of Houston’s most desirable retail corridors.