Bellfort Avenue Retail Center — Sale in Sugar Land, TX
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Sugar Land, TX 77498
- Year built: 2024
Photos
Description
Bellfort Avenue Retail Center is a newly constructed, multi-tenant retail center located in the city of Sugar Land, Texas. Completed in 2024, the property features two modern retail buildings totaling 17,253 square feet of leasable area. Currently 17 percent leased, the asset is primed for value creation through lease-up and stabilization. The three existing tenants operates under triple-net (NNN) leases, providing a foundation for future income predictability as additional tenants are secured. With contemporary design elements, quality construction, and excellent visibility along West Bellfort Avenue, the property offers strong curb appeal for prospective tenants. The property is directly next to a newly constructed gas station and convenience store (not a part), and the subject property is excluded from developing or leasing to a gas station. Situated in Fort Bend County, one of the fastest-growing counties in Texas, the property enjoys a prime location along West Bellfort Avenue—just minutes from State Highway 6 and the Fort Bend Parkway Toll Road. This strategic position provides direct access to major commuting routes and regional retail destinations, increasing daily traffic exposure and long-term leasing potential. Investment Highlights: • NEW 2024 CONSTRUCTION WITH MODERN RETAIL DESIGN • SUBSTANTIAL VALUE-ADD THROUGH LEASE-UP • WELL-LOCATED WITHIN A DENSELY POPULATED AREA • LAND PARCEL IS BEING REPLATTED | CLOSING WILL BE BASED ON METES AND BOUNDS
Market Context
This retail in Sugar Land, TX is listed for sale. The building dates to 2024. Compare it against other retail listings for sale in Sugar Land, TX — view the full market.
As of Q1 2026, the Houston retail market showed a 5.5% vacancy rate, average asking rents near $21.28/SF/yr, rents up 2.5% year over year, and cap rates around 7.5%. Source: multiple brokerage reports, Q1 2026.
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Retail market FAQ
- What is the typical cap rate for retail in Houston?
- About 7.5% as of Q1 2026, per multiple brokerage reports.
- Is the Houston retail market tightening or softening?
- Vacancy is around 5.5%, with asking rents rising year over year (Q1 2026).
Contact
- Philip Levy · (972) 755-5225 · philip.levy@marcusmillichap.com
- Allie Munday · (972) 755-5228 · allie.munday@marcusmillichap.com
- Duke Dennis · (817) 932-6172 · duke.dennis@marcusmillichap.com
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