Calloway’s Nursery
Richmond, Texas

Property Snapshot | Ground-up retail development in the Houston MSA anchored by Walmart and leased to Calloway’s Nursery under a long-term corporate-guaranteed lease.
Closed: 2/1/2024
Sold: 9/27/24

The Calloway’s Nursery property was developed as a single-tenant retail project within a Walmart-anchored shopping center at the intersection of FM 1463 and FM 1093 in Richmond, Texas, part of the Houston metropolitan area.

Criterion partnered with an experienced single-tenant retail developer to deliver the project, leveraging a track record of successful build-to-suit developments for national and regional tenants. The site sits within a high-traffic retail corridor serving a rapidly growing residential trade area.

The completed development was leased to Calloway’s Nursery, a well-established garden center brand operating across Texas. The property features a long-term, corporate-guaranteed net lease, providing the stability and durability sought by net-lease investors.

The Walmart-anchored center generates significant daily traffic and positions the property within a strong retail ecosystem supported by continued residential growth throughout the Richmond and Katy markets.

This project reflects Criterion’s retail investment strategy: pursue well-located development opportunities with strong tenants, durable retail demand, and clear exit paths in high-growth markets.

Criterion continues to pursue similar retail real estate opportunities across expanding suburban markets where population growth and daily-needs retail demand support long-term value creation.