Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace
AUCTION SITE: https://rimarketplace.com/auction/2322/reit-sale-10k-sf-former-ntb-201k-vpd-houston-msa?utm_source=costar
Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 12610 Southwest Freeway in Stafford, TX 77477 (the “Property”). Formerly occupied by NTB, National Tire and Battery, the Property is being offered significantly below replacement cost, providing an exceptional opportunity for investors to acquire a highly visible and strategically positioned asset with substantial value-add potential.
Built in 1991, the Property consists of a one-story, free-standing building containing ±10,846 gross square feet and is positioned on a ±1.16-acre parcel with 46 surface parking spaces and multiple ingress/egress points. The site benefits from excellent visibility and accessibility, situated along the high-traffic Southwest Freeway (US-59/I-69), which carries ±201,283 VPD, and near the major intersection of Kirkwood Road with over 16,500 VPD. Zoned MU-1 (Mixed Use-1), the Property provides significant redevelopment potential, allowing investors or owner/users to reposition the asset for a variety of retail, service, or commercial uses. This former NTB also offers potential investors the ability to acquire a free-standing retail building with significant value add through long lease up at long term market rates (CoStar estimated retail rents of ±$19-24/SF NNN). There is annual CAM (Common Area Maintenance) charged to the owner of this parcel for $1,782.78, a flat fee billed annually and due January 31.
Strategically located in Stafford, a thriving community within Fort Bend County, the Property offers access to one of the fastest-growing and most affluent areas in Texas. Stafford benefits from its proximity to Sugar Land (±5-min southwest) and Houston (±15-min northeast), offering unparalleled connectivity and regional access. Nearby amenities include First Colony Mall (±8-min), Sugar Land Town Square (±7-min), and Constellation Field (±10-min), while regional connectivity is enhanced by its proximity to Beltway 8, Highway 6, and US-59/I-69. The Property is also located ±30-min from William P. Hobby Airport and ±45-min from George Bush Intercontinental Airport. This former NTB is surrounded by strong demand drivers, including major employers and residential developments that contribute to the area’s economic vitality. Stafford is located in a growing trade area, supported by a population of nearly 115,000 residents within a 3-mile radius and ±337,000 individuals with an average HH income of ±$90,815 within a 5-mile area. This former NTB presents an excellent opportunity for investors or owner/users to capitalize on the economic growth and regional connectivity of Stafford, TX, and Fort Bend County, one of the nation’s most vibrant and affluent regions.
Lamar P. Fisher
Fisher Auction Company Inc.
License: 10344