1771 Spg Stuebner Rd Spring, TX 77389-4806
- Commercial real estate
- 95,649 SF
- 18.88 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1771 Spg Stuebner Rd
- Year built
- 2023
- Construction
- STEEL FRAME
- Lot size
- 18.88 lot acres
- Property size
- 95,649 SF
- Property type
- Commercial real estate
- APN
- 1392480010001
- APU
- 1392480010001
Description
Exceptional investment opportunity: a 125,000 square foot, 100% occupied shopping center in Houston, Texas, featuring Academy Sports + Outdoors, Dick's Sporting Goods, and Bass Pro Shops. This property boasts a new 20-year absolute NNN ground lease with a corporate guarantee, commencing June 20, 2024, and expiring June 30, 2044. The lease includes 10% rental increases every five years, ensuring consistent income growth. The property sits on an 18.87-acre lot and generates a substantial net operating income (NOI) of $1,300,000, resulting in a 6.15% cap rate. Built in 2024, this strategically located center benefits from its proximity to Interstate 45, a major commuter artery with over 162,000 vehicles daily, and is surrounded by thriving residential areas, schools, and other retail establishments. The property's prime location within a rapidly expanding retail corridor makes it an ideal investment for those seeking a stable, high-return asset. This is a 1031 exchange eligible property. The asking price is $21,138,000.
Value Estimation
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Location Insight
- Map
- Local Demand
- City
- Spring
- County
- Harris
- State
- Texas
- Longitude
- -95.4404
- Latitude
- 30.0819
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
