5433 Farm to Market 2920
Spring, TX
Price:
$2954000
Cap Rate:
6.50%
NOI:
$192,000
Building Size:
Approx. 4300 Sq. Ft.
Lot Size:
Approx. 1.32 Acres
Type:
Single-Tenant / Retail
Sub Category:
Fast Casual
Year Built:
2018
Investment Overview
- 2018 Construction. 4,300+/- SF Building on 1.32+/- Acre Site
- New 15 Year Corporate NNN Lease beginning September 2018
- Located along FM 2920 (25K VPD), just W of Kuykendahl Rd (17K VPD)
- Adjacent to H-E-B | Near SBUX, Chick-fil-A, Lowes, Sprouts, Whataburger
- 1-Mile SE of Grand Parkway Marketplace (Target Anchored 500K S.F Center)
- Spring is a growing suburb of Houston w/ 8.1% 1-Mile Pop Increase (2000-2018)
- Major Employers HQ: BP America | Astra Holdings USA| Exxon Mobil HQ Campus
- 7-Miles South of ExxonMobil’s new state-of-the-art campus (10,000 Employees)
- 3-Mile Radius: 2018 Pop: 77,845 | Average Household Income: $109,464
- Greater Houston ( MSA) | Sixth Largest MSA in the U.S | Pop: 5,946,800