X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-As part of a long-term expansion plan throughout the Greater Houston metro, Batteries Plus LLC plans to open its third local location, signing an 1,860-sf, five-year lease in Meyerland Court, at an average rate of $21 per sf.

The newest Batteries Plus branch will open within 60 days at 4774 Beechnut St., a property owned by Kagan Realty of Houston and leased by its in-house broker, Brenda Hensen. “They launched their first store in Houston about two and a half years ago,” says Kevin Sims, a retail broker with NAI Houston, which is working with Batteries Plus on its Houston expansion. “The real estate plan we have in place is to open two stores per year, minimum, with the maximum being 12 stores.”

Batteries Plus, headquartered in Green Bay, WI, services the replacement battery market, by selling standard and specialty batteries for everything from toys to electronic devices. Batteries Plus also works with larger companies to develop industrial-strength batteries for various industries as well.

Sims tells GlobeSt.com that the preferred space for a Batteries Plus store is approximately 1,500 sf to 2,500 sf, “with 1,800 sf the sweet spot,” he says. The company is seeking areas near upper-income families that might use batteries for toys and electronic devices. “The preference here is to be near major anchors such as a Home Depot, a Lowe’s, Best Buy or Circuit City, as we share the same customer base,” he adds.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.