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1720 South Friendswood Dr Friendswood, TX 77546

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For Sale
$5,500,000

100% occupied, net-leased retail property in Friendswood, Texas.

Building Details

Year built
2021

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Listing Contact
Steve Liu
Steve Liu
Source: Naiglobal

Listing Agent: Steve Liu

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Friendswood Retail Investment Opportunity

This is a 100% occupied, 3-tenant net-leased retail investment property located in Friendswood, Texas, a suburb of Houston. Constructed in 2021, the building is approximately 10,100 square feet and is situated on a 1.14-acre parcel. The lot provides ample parking with 52 spaces, a ratio of 5.14 per 1,000 square feet. The property is located in a high-traffic corridor with 29,000 cars per day on Parkwood Drive and 17,000 cars per day on Friendswood Drive. The area is highly affluent, with an average household income of over $190,000 within a 1-mile radius. The property is adjacent to the prestigious gated community of Hunters Creek Estates, where home values exceed $1 million. Strong synergistic neighbors include H-E-B Supermarket, Chipotle, Chick-fil-A, McDonald's, Starbucks, Pizza Hut, Popeye's, Taco Bell, Chase Bank, and Wells Fargo Bank. The tenancies have initial terms between 7 to 10 years.
Location Intelligence

Current Use by Public Records

Pet Supplies Plus ... (Bike/Boat/Book/etc) Store Tropical Smoothie Cafe Restaurant i.d. SPOT (Bike/Boat/Book/etc) Store Total Men's Primary ... Physician

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Friendswood
County
Galveston
State
Texas
Longitude
-95.187754
Latitude
29.5072755

FAQs

What type of property is this?
Strip mall - 100% occupied, net-leased retail property in Friendswood, Texas.
Where is this strip mall located?
The property is located at 1720 South Friendswood Dr Friendswood, TX.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: - 100% Occupied with 3 Tenants; - NNN Investment Opportunity; - Newer 2021 Construction Building
More about this property
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