2055 Spring Stuebner Rd - Storefront Retail/Office FOR SALE


Spring, TX 77389
$2,791,000 USD
704-697-1900
2055 Spring Stuebner Rd, Spring, TX for Sale
$2,791,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 5.85% Cap Rate

2055 Spring Stuebner Rd
Spring, TX 77389


HIGHLIGHTS

  • CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT
  • HIGH GROWTH HOUSTON MSA
  • ATTRACTIVE LEASE FUNDAMENTALS

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - NN Lease Provides Minimal Landlord Responsibilities - Corporate Guaranty by Heartland Dental - 10% Rental Increases every 5 years, including option periods CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT - Heartland Dental is the largest dental support organization in the United States - Over 1,700 Locations - 2022 Total Revenue was $2.8B NEW CONSTRUCTION - Recently constructed building to Tenant’s suit with transferable warranties LOCATED IN HIGHLY AFFLUENT HOUSTON, TX SUBURB - Nearly 70K people live within a 3-mile radius - AAHI within a 3 mile radius exceeds $118K HIGH VISIBILITY IN RETAIL NODE - Fronting Spring Stuebner Rd (19,393 VPD) at a full access intersection - Out parcel to Berkshire Exchange, a 352 unit apartment complex - Over 250K SF of retail located in a mile radius (National Tenants include: Kroger, Chick-Fil-A, Wingstop, and Popeyes) HIGH GROWTH HOUSTON MSA - Houston MSA is considered the 2nd fastest growing metro in the Country (1.5% annual population growth) - 7th Largest Metro Economy - 26 Fortune 500 companies are headquartered in Houston

FOR SALE DETAILS

PRICE

$2,791,000 USD

PRICE/SF

$655 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Drug Store, Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

-

APN/PARCEL ID

1373870010004

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.