15277 Tram Rd
Splendora, TX
Price:
$1511000
Cap Rate:
6.30%
NOI:
$95,192
Building Size:
Approx. 9100 Sq. Ft.
Lot Size:
Approx. 1.7 Acres
Type:
Single-Tenant / Retail
Sub Category:
Dollar Store
Year Built:
2017
Investment Overview
- 2017 Build. 9,100+/- SF Building on 1.70+/- Acre Site
- New 15 Year Corp Abs NNN Lease began February 2017
- Located along Tram Rd & FM 2090 (9K VPD), just E of I-69)
- Near Car Quest, Snap Fitness, Sonic, Jack in the Box, Texaco
- Subject property will benefit as the only variety store near by
- Splenda is a growing city w/ low cost of living & growing economy
- 4-Miles East of I-69 (48K VPD) – Nicknamed NAFTA Superhighway
- Continues to place economic growth & development a high priority
- Predicted to grow & meeting the employment demand of Houston
- Splendora is located 38-Miles Northeast of Downtown Houston, TX
- 5-Miles: Est 2018 Population: 37,489 l 3-Miles Avg HH Income: $60,235
- Greater Houston (MSA) | Fastest-Growing Metro in the United States