Bear Creek Center

Property Details

Tenancy:
Multi-Tenant
Occupancy:
89%
Property Type:
Shopping Center
Square Footage:
87,900 sqft
Year Built:
2001

Bear Creek Center

War Room

Confidentiality Agreement

Property Overview

  • ​High volume HEB store on a recently renewed lease through November 2026
  • ​Over 50,000 vehicles per day on Highway 6, with a combined intersection count exceeding 67,000 vehicles per day
  • ​Significant upside available through lease up of current vacancies, which are all second generation spaces
  • ​Highway 6 is the dominant retail corridor serving northwest Houston
  • ​Site boasts strong incomes and density with over 108,000 people and household incomes exceeding $94,000 within a three-mile radius
  • ​Houston is the 5th largest as well as the 5th fastest growing metropolitan area in the US since 2010
Bear Creek offers a unique opportunity to investors seeking a grocery-anchored shopping center in a major Texas market with immediate upside potential.​ This 87,900 square foot shopping center is situated on 12.62 acres of land and is anchored by a 61,805 square foot HEB.​ This high-volume store which was recently renewed through November 2026 gives investors the rare possibility to own a shopping center with HEB on a lease.​ Additionally, HEB has expansion rights in their lease allowing them to add 30,000 square feet of space.​

The center is currently 89% occupied with all remaining vacancies consisting only of second-generation space.​ Bear Creek benefits from low occupancy costs allowing ownership to maximize rental rates within the property.​ Upon lease up to market occupancy at current market rental rates, new ownership has the ability to increase NOI by over 25 percent.​

Bear Creek is located at the SWQ of Highway 6 and Kieth Harrow Boulevard in Houston, Texas.​ Highway 6 is the main retail corridor along the trade area from US 290 to Interstate 10 serving northwest Houston.​ Combined traffic counts at the intersection are over 67,000 vehicles per day.​ Within a three-mile radius, the total population exceeds 108,000 with an average household income in excess of $94,000.​

HEB is the 9th largest privately held company and 2nd largest privately held retailer in the US.​ In 2019 they exceeded $32 billion in annual sales.​ HEB has become the number one grocer in the Houston market where they are capturing 23.4 percent of the market share.​ With 50 stores in the Houston MSA, their closest location is over 5.7 miles from Bear Creek.​ Bear Creek offers investors the opportunity to own an HEB anchored shopping center with strong upside potential within one of the nation’s largest and fastest growing metro areas.​