FM 529 Retail Center - 7.68% Cap Rate | 15315 FM 529
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FM 529 Retail Center - 7.68% Cap Rate 15315 FM 529
12,679 SF 80% Leased Retail Building Houston, TX 77095 $5,173,765 CAD ($408 CAD/SF) 7.30% Cap Rate
Investment Highlights
- Heavy daytime traffic with over 30,582 VPD on Spencer Rd.
- High daytime activity
- Move in space ready - lease available
- Thousands of single family homes and multifamily in the area
Executive Summary
-Property is 80% occupied with two vacant spaces (currently negotiating leases on both spaces)-
-Cap Rate for property is currently 7.3%
-Excellent location with great visibility
-Subject property provides retail to surrounding neighborhood properties
-Average household income within 1 mile of subject property is $102,127.
-Cap Rate for property is currently 7.3%
-Excellent location with great visibility
-Subject property provides retail to surrounding neighborhood properties
-Average household income within 1 mile of subject property is $102,127.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,679 SF
Year Built
2023
Price
$5,173,765 CAD
Price Per SF
$408 CAD
Cap Rate
7.30%
NOI
$377,685 CAD
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
1.00 AC
Frontage
155 ft on Farm to Market 529
Nearby Major Retailers
1 of 18
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FM 529 Retail Center - 7.68% Cap Rate | 15315 FM 529
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