Current Use by Public Records
- Lifestyle centers
Property Details for 27620 Tx-249
- Year built
- 2002
- Lot size
- 3.90 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a 35,550 square foot, multi-tenant retail center located at 27620 TX-249 in Tomball, Texas. The property, built in 2002 and renovated in 2024, boasts a Class B designation and sits on a generous 3.9-acre lot. Currently operating at 100% occupancy with seven tenants, the center offers 34,918 square feet of net rentable space. The property features ample parking with 200 spaces, providing a convenient 5.58 spaces per 1,000 square feet. The lease type is NNN, with a remaining lease term of 0.5 years. The asking price is $7,250,000, and the property is zoned for commercial use. This stabilized, value-add investment is ideal for those seeking a strong return. The property benefits from a prime location, sharing street and parking lot access with a Walmart Supercenter and a Taco Bell/KFC. It also enjoys 6-lane street frontage just off the freeway, and a new Costco is under construction nearby. A 1031 exchange is possible, and the seller is open to a lease option to purchase with SBA loan financing. The property's APN is 1176310010004. This is a rare opportunity to acquire a well-positioned, high-performing retail center in a rapidly growing area.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tomball
- County
- Harris
- State
- Texas
- Longitude
- -95.6262
- Latitude
- 30.0746
