Fort Bend Town Center Secures EoS Fitness With 40,000 SF Lease In Missouri City
Building Size
40,000 SF
Asset Type
Retail
Closing
Nov 20, 2023
About this deal
AI
Fort Bend Town Center, a 144-acre retail project located near Houston at Texas Highway 6 in Missouri City, has recently secured a new tenant for its Phase II. EoS Fitness has signed a lease for 40,000 square feet of space within the center.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Address: Texas Highway 6, Missouri City
- Market: Missouri City
- Asset Type: Retail
- Square Footage: 40,000
EoS Fitness will join other Phase II tenants, including Burlington, Ross Dress for Less, Ulta Beauty, Cava, Petco, Five Below, and America's Best. New Quest Properties, represented by Bob Conwell and Andrew Alvis, serves as the landlord's representative for Fort Bend Town Center. Jason Baker, from Baker Katz, represents EoS Fitness as their tenant's representative.
Phase III of Fort Bend Town Center is currently in development, which will feature a $70 million Metro Park and Ride.
Players
Market 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