Retail    

Spring Crossing

 Spring, Texas

Asking Price

$5,190,000

Cap Rate

6.75%

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Year Built

2009/2013

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Total Acres

2.0867

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Square Feet

16,160 SF

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Avg HHI

$138K (5-Mile)

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Population

168K (5-Mile)

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Attractive, High-Quality, Stone and Stucco Retail / Office Center
  • Strong Demographics - $138K Average Household Income within 5 Miles
  • Stable Tenancy with Zero Vacancy - Weighted Average Lease Term Remaining of Almost 5 Years, Average Occupancy of Over 6 Years
  • Stable Income Stream - All Leases Feature Attractive Increases and Over 62.5% of GLA Does Not Expire Until 2028
  • Reasonable Rents - Average Rent Only $21.78 With NNN Recovery - $28/ft. NNN Average Rents Within 1 Mile
  • Low Management Intensity - Favorable Medical/Service Tenants With Passive NNN Leases
  • Favorable Local Market Conditions - Retail Occupancy Over 95.6% Within 3 Miles
  • Excellent Visibility to Over 46,000 Cars Per Day

Exclusively Listed By

Riley Sharman

Vice President
  rsharman@northmarq.com      832.497.2558
TX Lic. #781579

Chris Howard

Lead Investment Analyst
  choward@northmarq.com   

In Association With
Jim Gibson

TX Lic. #392926

Northmarq

800 Gessner Road, Suite 950
Houston, TX 77024


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