8915 Metropark Dr - Freestanding FOR SALE


Shenandoah, TX 77385
$15,250,000 USD
469-844-8884
8915 Metropark Dr, Shenandoah, TX for Sale
$15,250,000 USD
Freestanding - FOR SALE
1/4
null | 7.5% Cap Rate

8915 Metropark Dr
Shenandoah, TX 77385


OVERVIEW

Absolute NNN Lease with over 10 Years of Term Remaining & Three (3) Five-Year Renewal Options 10% Rent Escalations Every Five (5) Years in the Primary Term & Option Periods Corporate Lease to Dave & Buster’s Inc (NASDAQ: “PLAY”), Rated “B” by S&P Strategically Located on Interstate 45 with Access and Visibility to 170,000+ Vehicles Per Day Affluent and High Growth Area with an Average Annual Household Income of $130,000 Within a Three-Mile Radius and over 16% Population Growth since 2020 Situated within Metropark Square, a luxury mixed-use development offering 175,000 square feet of retail, restaurant, entertainment, residential and hospitality space situated on 70-acres. Anchored by a 40,000 square-foot Dave & Buster’s, a 43,000 square foot AMC Theatre, and a 94,000 square-foot Hyatt House ® hotel , Metropark Square is wrapped around a central green space area that includes a pavilion, fountain and outdoor event space. The Woodlands is recognized as one of the top master-planned communities in the nation. In 2024, Niche.com ranked The Woodlands as the top city in the country for buying a house and the second-best city for living and raising a family.

FOR SALE DETAILS

PRICE

$15,250,000 USD

PRICE/SF

$381 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dave & Busters

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

2.55 AC

LAND SF

111,078 SF

ZONING

Commercial

APN/PARCEL ID

7151-00-00600

ASK ABOUT THIS PROPERTY

Jason VitorinoSTRIVEMore Info
469-844-8884

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Jason VitorinoSTRIVEMore Info
469-844-8884

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