Lowe's Opens 94000 Square Foot Retail Store In Manvel Represented By Weitzman
21606 State Hwy 288
Building Size
94,000 SF
Asset Type
Retail
Closing
Feb 25, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 21606 State Hwy 288 in Manvel. It encompasses a total of 94,000 square feet and is part of a 273-acre development known as Manvel Town Center, owned by Weitzman.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Landlord: Weitzman
- Tenant: Marvin Ellison - Lowe's
- Broker Representatives: James Namken, Kyle Knight & Emily Guenther - Weitzman
Lowe's Home Improvement has opened a new store within the property, which is a notable addition to the Manvel market. The tenant chose to self-represent in the lease agreement, contrasting with the representation provided to the landlord by the team of James Namken, Kyle Knight, and Emily Guenther.
Players
Manvel Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93