6941 Spring Stuebner Rd - Storefront FOR SALE


Spring, TX 77379
$7,880,000 USD
619-818-5852
6941 Spring Stuebner Rd, Spring, TX for Sale
$7,880,000 USD
Storefront - FOR SALE
1/11
null | 6.25% Cap Rate

6941 Spring Stuebner Rd
Spring, TX 77379


OVERVIEW

Brand-New Six-Tenant Strip | NNN Leases | Fast-Growing Houston Submarket - Opportunity to acquire the Shops at Grand Parkway, a brand new six-tenant strip in Spring Texas (Houston MSA) - The 100% occupied building features tenants operating under NNN leases, limiting expense obligations for a future investor Strong Trade Area Demographics | Six-Figure Incomes - More than 225,000 residents and 50,000 employees support the 5-mile trade area - $148,808 average household income within a 5-mile radius Adjacent to New Class-A, 300+ Unit Apartment Complex - Magnolia at Spring – 2024 Grand Opening Strategic Location - Near Beltway 8, I-45 Corridor, Bush IAH Airport, The Woodlands & Kingwood master-planned communities - High Traffic Counts - Grand Parkway/99 (65,550 VPD), Spring Stuebner (19,518 VPD), and Kuykenahl Rd (27,800 VPD) Strong Retail Synergy - Adjacent to Grand Parkway Marketplace, a 349K square foot regional shopping center on 75 acres, anchored by Target, Walmart, Academy, Hobby Lobby, LA Fitness, TJ Maxx, PetSmart, Burlington, Michaels, Spec’s and many more Proximity to New Amazon Distribution Hub - Located 1 mile west of Amazon DHX4, a 219,000 SF last-mile distribution facility completed in September 2021 with more than 200 employees Proximity to Local High Schools - 1 mile south of Klein Oak High School (~3,664 students) - 4 miles west of Klein Collins High School (~3,294 students) New 2023 Construction - Newly constructed building in 2023, with existing building warranties Located 30 Miles North of Downtown Houston - Spring is a submarket of Houston, the 4th most populous city in the US, with a population exceeding 2.3 million NNN Leases - Ease of management well suited for an out of town/state Investor Diversified Tenant Mix - Dynamic mix of Retail and Service based tenants with high level of E-Commerce Resistance Flexible Space | Below-Market Rents - The 3 suites range in size from 1,150 – 6,750 SF – highly attractive and adaptable to a variety of tenants/uses - Average rent of just $28 PSF

FOR SALE DETAILS

PRICE

$7,880,000 USD

PRICE/SF

$448 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shops at Grand Parkway - Spring, TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

89

LAND DETAILS

LAND ACRES

2.14 AC

LAND SF

93,218 SF

ZONING

-

APN/PARCEL ID

1409610010006

ASK ABOUT THIS PROPERTY

Robert DonnellSRS Real Estate PartnersMore Info
619-818-5852

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Robert DonnellSRS Real Estate PartnersMore Info
619-818-5852

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.