Parkwood Square and IHOP is a 100% occupied shopping center with an IHOP ground lease that is attached to the property in Huntsville, TX (Houston MSA). All of the leases are NNN and contain a healthy layout of strong tenants. The tenants at this building include IHOP, H&R Block, Lendmark Financial, A-MAX Auto Insurance, Well Pet Place, Taylor Nails & Spa, and Mr. Nice Guys. IHOP and H&R Block have been at the site for over 25 years which show their commitment to this shopping center and area. Situated on 1.28 acres of land, the parking lot is cement and the property was constructed in 1999 with a brand new roof that was installed in 2022. This roof has a 15 year warranty that is transferable. This property is a rare opportunity to acquire a shopping center and ground lease that is in the heart of the Huntsville retail trade area. The rents are between market to below market for the area which will allow a healthy rent growth for the tenants in the future. The property is located in a high traffic area of Huntsville with over 22,000 vehicles per day on the street in front of the center (11th St) and over 67,000 vehicles per day on I-45. The city of Huntsville has over 47,000 residents and has experienced significant population growth in recent years. Many businesses and developments are coming to the area.