New 2026 NNN
For Sale
Contact for pricing
24527 Gosling Road Building A, Spring, TX 77389
New 2026 construction restaurant offered with a 10-year NNN lease and PG.
Property Size7,500 SF
Price / SF$430.67
Days on Market53
Property Features for 24527 Gosling Road Building A
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Retail
Building Details
Year Built
2026
Tenancy
Single
Listing Agency:
SRS National Net Lease Group
Listed By:
Robert Donnell · License #CA 02082187
Source:
Crexi
Added: Jun 16
Changed: Jul 10
Last Checked: Aug 5 at 10:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS National Net Lease Group
Investment Insights
Based on property information with market context.
This listing presents a newly constructed restaurant property scheduled for 2026 completion, identified as Building A. The asset is marketed as an NNN-style restaurant investment and is categorized as a specialty/conventional restaurant property. A 10-year NNN lease is in place, with PG referenced in the remarks.
The property is located at 24527 Gosling Road in Spring, TX 77389. It is being offered for sale as a dedicated restaurant building, with the transaction positioned around the existing lease structure.
For buyers seeking a leased restaurant asset with an NNN lease term, this offering provides a single-building setup tied to a 10-year lease. The NNN framework may appeal to operators and investors looking for a property structure designed to shift certain operating responsibilities to the tenant, while the in-place lease supports continuity of income through the lease period as described in the materials. Interested parties should review the full lease terms and PG details to confirm responsibility allocation and any remaining conditions associated with the lease and the 2026 construction timeline.
The property is located at 24527 Gosling Road in Spring, TX 77389. It is being offered for sale as a dedicated restaurant building, with the transaction positioned around the existing lease structure.
For buyers seeking a leased restaurant asset with an NNN lease term, this offering provides a single-building setup tied to a 10-year lease. The NNN framework may appeal to operators and investors looking for a property structure designed to shift certain operating responsibilities to the tenant, while the in-place lease supports continuity of income through the lease period as described in the materials. Interested parties should review the full lease terms and PG details to confirm responsibility allocation and any remaining conditions associated with the lease and the 2026 construction timeline.
Key Highlights
- New 2026 construction restaurant
- Offered with a 10‑year NNN lease
- Property is described as having a PG
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$132,538
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,650,760
$2.7M
Cap Rate 7%
$1,893,400
$1.9M
Cap Rate 9%
$1,472,644
$1.5M
Market Conditions
NOI Build-Up for 7,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$187.2K $24.96/SF
− Vacancy
−$10.5K −$1.40/SF
EGI
$176.7K $23.56/SF
− OpEx
−$44.2K −$5.89/SF
NOI
$132.5K $17.67/SF
Area
Montgomery County, TX
Vacancy
5.60%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,650,760
Cap Rate 7%
$1,893,400
Cap Rate 9%
$1,472,644
Alternative Uses
Best Use
Specialty Retail
$1.89M
$1.66M – $2.21M
NOI $132,538 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
43k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 25%
Groceries 18%
Circle K
Shops & Services
10,989 visits/mo
0.4 miles
Spec's
Groceries
7,717 visits/mo
0.0 miles
Shell
Shops & Services
7,005 visits/mo
0.1 miles
Exxon
Shops & Services
4,907 visits/mo
0.4 miles
SUBWAY
Dining
4,314 visits/mo
0.2 miles
Demographics for 77389, TX
41,534
Population
15,138
Households
2.7
Avg Household Size
36
Median Age
56%
College-Educated
95%
High-School Grad
21.3 sq mi
ZIP Area
1,950
Density / Sq Mi
$145,228
Median Household Income
$64,867
Median Earnings
$1,795
Median Rent
$387,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - New 2026 construction restaurant offered with a 10-year NNN lease and PG.
Where is this conventional restaurant located?
The property is located at 24527 Gosling Road Building A Spring, TX.
What is the asking price?
The asking price for this property is $3,230,000.
What are key features of this property?
This property features: New 2026 construction restaurant; Offered with a 10‑year NNN lease; Property is described as having a PG
