100 Vision Park Blvd, Shenandoah, TX 77384-3000
- Commercial real estate
- 13,764 SF
- 1.65 lot acres
Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 100 Vision Park Blvd
- Year built
- 2007
- Lot size
- 1.65 lot acres
- Property type
- Commercial real estate
- APN
- 9446-55-00400
- APU
- 94465500400
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 9, 2018 | — | Afg Shenandoah LLC | — | Deed · related | $1.5M · Icon Bk/tx NA |
| Apr 12, 2018 | — | Advantage III INC LLC | Spine & Orthopedic Surgery Cen | Quit Claim Deed · related | — |
| Jan 4, 2016 | — | Spine & Orthopedic Surgery Cen | Mattres Firm-vision Park LLC | Grant Deed | $4.1M · Bank Of Co |
| May 14, 2010 | — | Mattress Firm-vision Park LLC | I-45 Vision Park LLC | Warranty Deed · related | — |
| Mar 27, 2007 | — | I-45 Vision Park LLC | Brackman,diana G | Grant Deed | $2.7M · Whitney National Bank |
| — | — | Afg Shenandoah LLC | — | Loan Modification · related | $1.5M · Icon Bk/tx NA |
Description
This exceptional investment opportunity presents a 13,993-square-foot freestanding retail building in Shenandoah, Texas, leased to Mattress Firm, Inc. The property boasts a strong Absolute NNN lease with a corporate guarantee from Mattress Holding Corp, ensuring minimal landlord responsibilities. The lease, originally executed in 2015, has a remaining term of 7.1 years, with three five-year renewal options. Rent increases by 12% every five years, providing consistent income growth. Located on 1.65 acres, the single-story, Class B building enjoys high visibility from I-45, a major thoroughfare with approximately 208,000 vehicles daily. The property benefits from excellent access via Vision Park Blvd and the North Freeway Service Road. Built in 2007, this asset offers a compelling 5.36% cap rate and a substantial net operating income (NOI) of $332,613. Situated in the affluent Houston-The Woodlands-Sugar Land MSA, the property is strategically positioned near major corporate campuses, including Chevron, Phillips 66, McKesson Corporation, and the Exxon Mobil campus. The property's location within a high-income community and its strong lease terms make it an attractive investment for those seeking stable, long-term returns. The asking price is $6,200,000, representing a price per square foot of $443.08. This is a 1031 exchange eligible property.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,375,000
- 6.5%
- $2,190,000
- 7%
- $2,035,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Shenandoah
- County
- Montgomery
- State
- Texas
- Longitude
- -95.4548
- Latitude
- 30.1918
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
