23692 Hwy 59 Kingwood, TX 77339
- Commercial real estate
- 6,600 SF
Current Use by Public Records
- Commercial real estate
Property Details for 23692 Hwy 59
- Year built
- 2014
- Property size
- 6,600 SF
- Property type
- Commercial real estate
Description
This exceptional Class A retail property, located at 23692 Highway 59 North in Kingwood, Texas, presents a compelling investment opportunity. The 6,600 square foot building boasts a prime location with approximately 211 feet of frontage on Highway 59, ensuring high visibility and accessibility. Constructed in 2014 and renovated in 2021, the property is currently 100% occupied by two tenants under NNN leases. One tenant, a medical facility, has a lease expiring January 31, 2027, occupying 2,800 square feet. The second tenant, "The Draft," occupies 3,800 square feet with a lease expiring May 31, 2028. The property generates a substantial net operating income (NOI) of $148,500. Situated within a thriving community with a population of 127,502 within a 5-mile radius, this investment offers strong potential for long-term growth and stable returns. The property's excellent condition, strong tenant occupancy, and prime location make it an ideal addition to any investment portfolio. This is a Triple Net (NNN) leased property, meaning the tenant is responsible for most operating expenses. The property is located in Wharton County, Texas, zip code 77339.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kingwood
- County
- Wharton
- State
- Texas
