Property profile

2400 Farm To Market 2920 Spring, TX 77388

OFF-MARKET
Retail properties & Spaces
29,608 SF Built 2007
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Property summary

AI-generated overview

Hanover Plaza, a single-story, Class B retail center in Spring, Texas, offers multiple tenancy opportunities. Built in 2007, this 29,608 square foot property sits on a 3.19-acre lot with ample parking (161 spaces). Currently, 6,144 square feet of space is available, divisible into units ranging from 2,913 to 3,231 contiguous square feet. The center enjoys a highly visible location on Farm to Market 2920, a major thoroughfare, with easy access and egress. Its strategic placement is less than one mile west of Interstate 45 and under two miles south of the new ExxonMobil campus. Nearby established businesses include Aldi, H-E-B, AutoZone, Wells Fargo, McDonald's, Chase, Walgreens, and KFC, creating a strong retail environment. The property features a well-designed layout and benefits from a Net Net Net (NNN) lease structure. This prime retail space presents an excellent opportunity for businesses seeking high visibility and convenient access in a thriving area of Harris County.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2007
Total area 29,608 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2400 Farm To Market 2920 Spring, TX 77388
Spring metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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