440 Rayford Rd
Spring, TX
Price:
$1550000
Cap Rate:
5.00%
NOI:
$77,500
Building Size:
Approx. 1634 Sq. Ft.
Lot Size:
Approx. 0.39 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
2017
Investment Overview
- 2017 Construction. 1,634+/- SF Building on .39+/- Acre Site
- New 10-Year Corp, NNN GL w/ 10% Rent Bumps Every 5-Yrs
- Located along Rayford Rd (47K VDP), just E of I-45 (224K VPD)
- Attractions: The Woodlands Mall | ExxonMobil Houston Campus
- Spring is a suburb of Houston and is located 25-Miles N of Downtown
- Major Employers: BP America | Shell Oil Company | Exxon Mobil
- Houston is 2nd to NY City in Fortune 500 HQ’s – Ranked Forbes Top City
- 3-Mile Radius: 2016 Est Pop: 69,207 l 3-Mile Avg. HH Income: $106,010
- Greater Houston ( MSA) | 6TH Largest MSA in the U.S | Pop: 5,946,800