7323 N Grand Pky - Retail FOR SALE


Spring, TX 77379
$5,422,000 USD
972-755-5205

NO PHOTO

$5,422,000 USD
Retail - FOR SALE
null | 6.5% Cap Rate

7323 N Grand Pky
Spring, TX 77379


HIGHLIGHTS

  • Absolute Net Lease With 12.7 Years Remaining & 10 Percent Rent Increases Every 5 Years
  • Corporate Guaranty From a National Operator With 600+ Locations
  • 2020 Construction Freestanding Building on an Oversized 1.47-Acre Parcel
  • Excellent Frontage on Grand Parkway (83,214 VPD)
  • Thriving North Houston Submarket – 233,000 Residents Within 5 Miles (58 Percent Growth Since 2010; +5.2 Percent Projected Through 2029)
  • Dense Retail Corridor Anchored by Grand Parkway Marketplace

OVERVIEW

Offered for sale is the opportunity to acquire an absolute net lease Crash Champions in Spring, TX. The property consists of a 13,831-square-foot, freestanding building that sits on approximately 1.47 acres of land. There are 12.7 years remaining on the lease with 10% rental increases every five years.

FOR SALE DETAILS

PRICE

$5,422,000 USD

PRICE/SF

$259 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crash Champions (Absolute Net Lease)

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

-

APN/PARCEL ID

1301210120008

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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