Log In/Sign Up
Your email has been sent.
8901-8979 Richmond Ave
Houston, TX 77063
Richmond @ Fondren Center · Retail Property For Sale
Investment Highlights
- 30-Year Occupancy by Anchor Tenant
- 100% Occupied by 10 Tenants plus 2 Outparcels
- Upside via Corner Pad Site
- Corner Location with ±60,302 VPD
- Weighted Average Occupancy of over 10 Years
- Huge Population Base & Affluent Customers - 544,000+ people & an Avg. HHI over $120,000 within 5 miles
Executive Summary
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in Richmond & Fondren Plaza located at 8901-8979 Richmond Ave., Houston, TX 77063. The plaza is currently 100% occupied.
The center is 44,616 SF and includes a diverse mix of tenants — 10 tenants in the main retail center, 2 outparcels. The tenants have an average weighted occupancy of over 10 years. The anchor tenant, Metropolis & Extravaganza (M&E), has been here over 30 years, since late 1994. M&E just signed a new 5-Year extension starting 10/1/2026 with 2% annual rent increases.
The pad site directly on the corner of Fondren Road and Richmond Avenue may be included or excluded from the sale. The owner had a LOI starting at $217,200 NNN for 5 Years. That tenant took some in-line space.
The center is 44,616 SF and includes a diverse mix of tenants — 10 tenants in the main retail center, 2 outparcels. The tenants have an average weighted occupancy of over 10 years. The anchor tenant, Metropolis & Extravaganza (M&E), has been here over 30 years, since late 1994. M&E just signed a new 5-Year extension starting 10/1/2026 with 2% annual rent increases.
The pad site directly on the corner of Fondren Road and Richmond Avenue may be included or excluded from the sale. The owner had a LOI starting at $217,200 NNN for 5 Years. That tenant took some in-line space.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
44,616 SF
Building Class
C
Year Built
1979
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
4.70 AC
Zoning
N/AV, Houston - Commercial
Parking
150 Spaces (3.36 Spaces per 1,000 SF Leased)
Frontage
558’ on Richmond Ave
Property Taxes
| Parcel Number | 0974010000010 | Improvements Assessment | $3,308,492 CAD |
| Land Assessment | $12,261,720 CAD | Total Assessment | $15,570,212 CAD |
Property Taxes
Parcel Number
0974010000010
Land Assessment
$12,261,720 CAD
Improvements Assessment
$3,308,492 CAD
Total Assessment
$15,570,212 CAD
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
