Current Use by Public Records
- Lifestyle centers
Property Details for 9116 Grand Pkwy
- Lot size
- 1.45 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
The Commons at Hooks Landing, a premier 17,917 square foot shopping center in Tomball, Texas, presents a compelling investment opportunity. This 100% occupied retail property boasts a strong net operating income (NOI) of $520,982, yielding an attractive 6.50% capitalization rate. Priced at $8,015,000, this asset offers significant potential for return. Situated on a 1.45-acre lot at 9116 Grand Pkwy, 77375, the center benefits from a high-visibility location at a major lighted intersection directly on the Grand Parkway. The property's strategic positioning allows for easy north/south travel along the Grand Parkway, with convenient on/off access. This prime location is further enhanced by its proximity to affluent residential neighborhoods and accessibility via FM 2920 and the Grand Parkway feeder road. A strategically placed curb cut is located before the Grand Parkway westbound on-ramp, ensuring convenient access for customers. This exceptional shopping center represents a rare opportunity to acquire a high-performing asset in a thriving Texas market. The property's strong occupancy, impressive NOI, and prime location make it an ideal addition to any investment portfolio. The 100% occupancy rate speaks to the desirability of this location and the strength of the tenant mix. This is a turnkey investment ready for immediate income generation.
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
- -95.559
- Latitude
- 30.0744
