4477 FM1942
Crosby, TX
Price:
$1,663,000
Cap Rate:
6.10%
NOI:
$101,435
Building Size:
Approx. 9,026 Sq. Ft.
Lot Size:
Approx. 1.5 Acres
Type:
Single-Tenant / Retail
Sub Category:
Dollar Store
Year Built:
2019
Investment Overview
- 2019 Construction 9,026+/- SF Building on 1.50 +/- Acre Site
- 15-year corporate absolute NNN lease with a 10% increase in each option period
- Strategically located along FM-1942 (8,719+ VPD), the main east-west thoroughfare in Crosby, TX
- Close proximity to major residential communities, elementary schools, and major national tenants such as Starbucks, Walgreens, Circle-K and many more
- Subject property approximately 26-miles east from downtown Houston, TX
- Houston MSA 5th largest U.S. population