$3,880,000 USD
281-627-3291
727 E Louetta Rd
Spring, TX 77373
Old Town Spring
HIGHLIGHTS
- 2017 construction with all spaces built-out as second-generation retail, minimizing near-term capital expenditure.
- 100% leased to local, service-oriented tenants with established neighborhood brands and in-place rent payments.
- Majority of leases feature annual rent increases, with current rents slightly below market, providing built-in NOI growth at renewal.
- Strategic North Houston location near George Bush Intercontinental Airport, ExxonMobil’s corporate campus and Six Flags, Hurricane Harbor, etc
FOR SALE DETAILS
PRICE
$3,880,000 USD
PRICE/SF
$324 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
North Lexington
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2017
SPRINKLERS
-
PARKING SPACES
37
LAND DETAILS
LAND ACRES
0.31 AC
LAND SF
13,504 SF
ZONING
-
APN/PARCEL ID
1373000010001
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281-627-3291
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281-627-3291
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