10111 Clodine Rd Richmond, TX 77407-8714

Property Details for 10111 Clodine Rd

Year built

2023

Lot size

2.52 lot acres

Property size

952 SF

Zone code

S

Property type

Commercial real estate

APN

0016-00-000-4809-907

APU

16000004809907

Description

This exceptional Class A industrial investment opportunity in Richmond, TX, presents two modern, single-story buildings totaling 40,000 square feet on a 2.52-acre lot. Built between 2021 and 2023, the property boasts 12 grade-level roll-up doors and a 24-foot clear height. Currently 100% occupied with six tenants under NNN leases at market rates, this stabilized investment offers a 7.43% cap rate. Strategically located near major thoroughfares including Highway 6, the Grand Parkway (SH 99), the Westpark Tollway, and Highway 90, the property benefits from excellent access to a dense residential area with a population exceeding 1,116,374 and an average household income of $103,640 within a 10-mile radius. High visibility is ensured with 150 feet of frontage on Clodine Road, experiencing an average daily traffic count of 2,932 vehicles. This property represents a rare opportunity in a submarket with a low vacancy rate of 4.80%, presenting a high barrier to entry for competitors. The property's strong tenant base and prime location make it an attractive investment for discerning buyers seeking stable returns in a thriving market. The buildings are situated in Fort Bend County, Texas, with a zip code of 77407.