1964 Northpark Dr
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1964 Northpark Dr
9,900 SF 100% Leased Retail Building Kingwood, TX 77339 $4,197,135 CAD ($424 CAD/SF) 7.50% Cap Rate
Investment Highlights
- 7.50 Cap Rate on Stabilized Rents
- 50% Tenants on 10-Year Lease Term
- Prime Retail Trade Area
- Long Term Tenants
- 100% Location
Executive Summary
Prime investment property. Gateway to the city of Kingwood off main highway 59 connection Rd. (40,000 APD)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,900 SF
Building Class
B
Year Built/Renovated
2002/2022
Price
$4,197,135 CAD
Price Per SF
$424 CAD
Cap Rate
7.50%
NOI
$314,879 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.88 AC
Zoning
N/Ap, County
Parking
40 Spaces (4.04 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Monument Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0283-00-00557 | Improvements Assessment | $725,301 CAD |
| Land Assessment | $327,076 CAD | Total Assessment | $1,052,376 CAD |
PROPERTY TAXES
Parcel Number
0283-00-00557
Land Assessment
$327,076 CAD
Improvements Assessment
$725,301 CAD
Total Assessment
$1,052,376 CAD
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1964 Northpark Dr
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