6941 Spg Stuebner W Rd Spring, TX 77379-1816

Property Details for 6941 Spg Stuebner W Rd

Year built

2022

Construction

STEEL FRAME

Lot size

2.14 lot acres

Property size

21,705 SF

Property type

Commercial real estate

APN

1409610010006

APU

1409610010006

Description

This exceptional Class A shopping center, the Shops at Grand Parkway, presents a compelling investment opportunity. Boasting 17,600 square feet of retail space on a 63,872 square foot lot, this 2023-built property is currently operating at 100% occupancy, generating a strong net operating income (NOI) of $487,050.12 and a 6.50% capitalization rate. The asking price is $7,493,076. The center features a desirable mix of national and local tenants, many with e-commerce resistant business models, ensuring consistent revenue streams. Its strategic location at 6941 Spring Stuebner Road, Spring, TX 77389, in Harris County, offers significant advantages. The property benefits from high traffic counts and a dense, affluent surrounding neighborhood, further enhanced by its proximity to a newly constructed 400-unit Class A apartment complex. Convenient access to major thoroughfares, including FM 1960, Bush Intercontinental Airport (IAH), and I-45 freeway, ensures high visibility and accessibility. Ample parking (97 spaces) is available for customers and employees. The property is also less than one mile from a Tesla service center and charger, adding to its appeal. This new construction retail center is surrounded by multifamily developments and new construction, indicating a thriving and growing market. This is a rare opportunity to acquire a stabilized, high-performing retail asset in a prime location.

Location Insight

City

Spring

County

Harris

State

Texas

Longitude

-95.5288

Latitude

30.0855

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments