3233 Meridiana Pkwy Arcola, TX 77583
This exceptional investment opportunity presents an 8,459 square foot AutoZone located at 3233 Meridiana Pkwy, Iowa Colony, TX 77583. The property sits on a 1.69-acre lot and benefits from an absolute NNN lease with 15 years remaining. This single-tenant building is part of a thriving retail sector with extremely limited supply, ensuring strong market access. The property's strategic location along Highway 288, a major thoroughfare connecting Houston and its suburbs, guarantees high visibility and accessibility. Furthermore, the recent opening of a nearby elementary school, along with two new high schools opened in 2021 and 2022, significantly increases foot and automobile traffic. The surrounding area is characterized by high-end suburban home construction, providing a favorable demographic profile for the tenant. This investment offers a stable, long-term income stream in a rapidly growing area. The property type is classified as Retail, Special Purpose, with the subtype being Auto Shop. This is a rare opportunity to acquire a well-established, high-performing retail asset in a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.