Velvet Taco - Sugar Land, TX (Houston MSA) — Sale in Sugar Land, TX
- Price: $4.5M
- Listing type: For sale
- Asset type: Retail Business
- Location: Sugar Land, TX 77478
- Size: 13,917 SF
- Year built: 2025
Photos
Investment Figures
- Cap rate
- 5.50%
- Price per square foot
- $323
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the Velvet Taco at 2330 Hwy 6, Sugar Land, TX 77478 ("Property" or "Asset"). Velvet Taco is operating on an NNN lease with zero landlord responsibilities and ±10.0 years of lease term remaining. This offering presents investors with an exceptional opportunity to acquire an asset providing secure, long-term cash flow, backed by a leading national retailer.
Market Context
This retail in Sugar Land, TX is listed for sale at $4,495,000 across 13,917 SF. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 2025. 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.
Its 5.5% asking cap rate is below the Houston retail market average of about 7.5%, reflecting premium pricing relative to comparable assets. 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
- Caroline Pinkston · 2144386590 · caroline.pinkston@jll.com
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