Property Overview
Sterling Lakes Retail Center is ideally positioned at the signalized intersection of CR 56 (Meridiana Pkwy) and Karsten Blvd with easy access to the Hwy 288 entrance ramp. With efficient access to Hwy 288, the Property benefits from easy accessibility to the Texas Medical Center and Downtown Houston to the north as well as DOW and BASF to the south. The Property has exposure to over 49,000 cars per day along Hwy 288. The retail center is located within a rapidly growing market and is surrounded by two master planned communities, Meridiana and Sierra Vista, with over 12,000 homes planed or under construction. Additionally, Sterling Lakes Retail Center is approximately 3 miles north of Hines’ new 954 acre master planned community with ±2,100 homes at completion. Phase I of the development is estimated to be complete late 2024. The Property is equipped with ample parking with 106 spaces. Ease of traffic flow in and around the Property is served by an abundance of ingress/egress points: two (2) along Meridiana Pkwy, two (2) along Karsten Blvd as well as multiple cross-access points with the adjacent properties. Sterling Lakes Retail Center is shadow anchored by CVS and has a great tenant mix of food, service and medical providers. The Property benefits from excellent demographics in the surrounding area. Within 5 miles, the population exceeds 40,000 and the average household income is more than $112,000 within 1 mile.