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Norchester Village 13300-13350 Jones Rd 108,740 SF 94% Leased Retail Building Houston, TX 77070 For Sale
INVESTMENT HIGHLIGHTS
- NNN Lease Structure: All tenants on NNN leases with minimal landlord responsibilities;
- Value-Add Potential – Lease-Up: Opportunity to lease the remaining three vacant suites to further increase occupancy and grow NOI
- Prime Location with High Traffic Counts: Excellent visibility at the intersection of Jones Rd (34,781 VPD) and Grant Rd (16,971 VPD)
- Most leases include annual rent escalations for built-in income growth
- Value-Add Potential – Pad Site Development: Excess land on the 10.91- acre site allows for the potential development of additional pad sites
EXECUTIVE SUMMARY
Norchester Village Shopping Center is a 108,740-square-foot multi-tenant retail center
located at 13300–13350 Jones Road in the heart of Northwest Houston—one of the region’s
most active and established suburban submarkets. With 94% current occupancy and a
stable, e-commerce-resistant tenant mix, the center offers investors a rare opportunity to
acquire a high-performing retail asset with strong in-place cash flow and multiple avenues
for value creation.
Anchored by nationally recognized tenants such as Habitat for Humanity, Golden Chick,
and Subway, Norchester Village benefits from a diversified rent roll with staggered lease
expirations and long-term tenant stability. The property sits on 10.91 acres at the highly
trafficked intersection of Jones Road and Grant Road, with combined daily traffic counts
exceeding 51,000 vehicles. Surrounded by dense, affluent residential neighborhoods and
located within two miles of major employers—including the Hewlett Packard campus and
Willowbrook Mall—the center is strategically positioned to serve a growing population and
workforce.
In addition to its strong fundamentals, Norchester Village presents two key value-add
opportunities:
Leasing the remaining three vacant suites, which would immediately boost occupancy
and increase net operating income; and
Developing additional pad sites on the property's excess land, unlocking untapped
potential to add high-demand outparcel users and further drive NOI growth.
Originally built in 1983 and renovated in 1997, the center features excellent visibility,
modern site functionality, and convenient access. All leases are structured as NNN, with
many including annual rent escalations, offering a blend of stable current income and
built-in rent growth. The asset is well-positioned for a long-term hold or an institutional
disposition strategy upon stabilization.
This is a rare opportunity to acquire a well-located, income-producing asset with
clear value-enhancement potential in one of Houston’s most desirable suburban retail
corridors.
located at 13300–13350 Jones Road in the heart of Northwest Houston—one of the region’s
most active and established suburban submarkets. With 94% current occupancy and a
stable, e-commerce-resistant tenant mix, the center offers investors a rare opportunity to
acquire a high-performing retail asset with strong in-place cash flow and multiple avenues
for value creation.
Anchored by nationally recognized tenants such as Habitat for Humanity, Golden Chick,
and Subway, Norchester Village benefits from a diversified rent roll with staggered lease
expirations and long-term tenant stability. The property sits on 10.91 acres at the highly
trafficked intersection of Jones Road and Grant Road, with combined daily traffic counts
exceeding 51,000 vehicles. Surrounded by dense, affluent residential neighborhoods and
located within two miles of major employers—including the Hewlett Packard campus and
Willowbrook Mall—the center is strategically positioned to serve a growing population and
workforce.
In addition to its strong fundamentals, Norchester Village presents two key value-add
opportunities:
Leasing the remaining three vacant suites, which would immediately boost occupancy
and increase net operating income; and
Developing additional pad sites on the property's excess land, unlocking untapped
potential to add high-demand outparcel users and further drive NOI growth.
Originally built in 1983 and renovated in 1997, the center features excellent visibility,
modern site functionality, and convenient access. All leases are structured as NNN, with
many including annual rent escalations, offering a blend of stable current income and
built-in rent growth. The asset is well-positioned for a long-term hold or an institutional
disposition strategy upon stabilization.
This is a rare opportunity to acquire a well-located, income-producing asset with
clear value-enhancement potential in one of Houston’s most desirable suburban retail
corridors.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
108,740 SF
Building Class
B
Year Built/Renovated
1983/1997
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.23
Lot Size
10.91 AC
Zoning
Commercial - Commercial
Parking
358 Spaces (5.34 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Banking
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Golden Chick
- Accommodation and Food Services
-
99,999 SF
- -
- -
- -
-
- Retailer
- -
- -
-
Lorem Ipsum
-
Jan 0000
Habitat for Humanity is a movement of people in a local area and around the world, working together to build more prosperous and vibrant communities by making sure everyone has a decent, safe, affordable place to call home.? Since their founding in 1976 as a Christian organization, together they have helped millions of people globally build their futures on their own terms through access to decent housing. They have done that by working alongside people of all walks of life to build, repair and finance their homes, by innovating new ways of building and financing, and by advocating for policies that make constructing and accessing housing easier for everyone. Together, they build homes, communities and hope.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Golden Chick | Accommodation and Food Services | 99,999 SF | - | - | - | |
|
|
Retailer | - | - | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 10928
- 1,740 SF
- Retail
- In-Line
- Now
- 10936
- 1,300 SF
- Retail
- In-Line
- Now
- 13308
- 2,700 SF
- Retail
- In-Line
- Now
- 13380
- 1,950 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 10928 | 1,740 SF | Retail | In-Line | Now |
| 10936 | 1,300 SF | Retail | In-Line | Now |
| 13308 | 2,700 SF | Retail | In-Line | Now |
| 13380 | 1,950 SF | Retail | In-Line | Now |
10928
| Size |
| 1,740 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
10936
| Size |
| 1,300 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
13308
| Size |
| 2,700 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
13380
| Size |
| 1,950 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1061810000002 | Improvements Assessment | $8,117,935 CAD |
| Land Assessment | $5,502,432 CAD | Total Assessment | $13,620,367 CAD |
PROPERTY TAXES
Parcel Number
1061810000002
Land Assessment
$5,502,432 CAD
Improvements Assessment
$8,117,935 CAD
Total Assessment
$13,620,367 CAD
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Norchester Village | 13300-13350 Jones Rd
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