3405 Spencer Hwy
Pasadena, TX
Price:
$1,966,430
Cap Rate:
6.75%
NOI:
$132,734
Building Size:
Approx. 5,432 Sq. Ft.
Lot Size:
Approx. 0.71 Acres
Type:
Multi-Tenant / Medical
Sub Category:
Medical / Dental
Year Built / Renovated:
1990 / 2023
Investment Overview
- 1990 Construction/2023 Renovation. 5,432+/- SF Building on 0.71+/- Acre Site
- Two Tenant Building with NNN Leases that Include a MyEyeDr. Corporate Guarantee With 10+ Years Remaining
- Ideally Positioned Near the Signalized Intersection of Spencer Hwy (34,000+ VPD) and Strawberry Rd (22,700+ VPD)
- Located in a Dense Retail Corridor of Pasadena, Across from Spencer Square (~200K SF), a Kroger-Anchored Shopping Center
- MyEyeDr. Has Grown to Over 820 Locations Nationwide and was Recently Purchased By Goldman Sachs
- A1 Check Cashers Provides Check Cashing Services, Money Orders Accepted Nationwide, and Bill Payments Services in Their 24 Locations
- Pasadena | Second Largest City in the Greater Houston Metro | Population: 152,000+