1416 FM 528 Rd - Retail FOR SALE
Webster, TX 77598 |
$3,804,000 USD
832-640-7384
1416 FM 528 Rd
Webster, TX 77598
HIGHLIGHTS
- High Density Area with projected Growth – Current population in a 5 mi radius of this asset is 187,000 and expected to grow .5% over the next 5 years
- Near Nationally Recognized Tenants – Property is located near major tenants like Dutch Bros, Pluckers, Harbor Freight, Costco, Hobby Lobby and more
- Attractive Rental Increases – Tenants have 3% annual increases which hedges against inflation
- Recently Construction – The property was built in 2018 which gives the owner the opportunity to put little capital expenditure in the building
- Out parcel to a business park – The property is situated in front of an industrial business park
- Major Redevelopments in the immediate area – There are major redevelopment projects that are already underway or being planned within a 5 mile radius
FOR SALE DETAILS
PRICE
$3,804,000 USD
PRICE/SF
$369 USD /SF
CAP RATE
6.8%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2018
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
1384440020001
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832-640-7384
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832-640-7384
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