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Harmony Commons Plaza 3532 Harmony Commons Dr

11,207 SF 100% Leased Retail Building Spring, TX 77386 $8,504,826 CAD ($759 CAD/SF) 6.19% Cap Rate

Executive Summary

NewQuest Properties is proud to exclusively present for sale Harmony Commons Plaza, an 11,250 square foot multi-tenant strip center located in the highly desirable Spring trade area, in north Houston, Texas. This 100% leased shopping center sits on an LA Fitness outparcel on the hard corner of TX-99 and Harmony Commons Drive, with quick access to shadow anchor HEB and numerous national and regional retailers. Harmony Commons Plaza provides stable cash flow with high credit tenants and steady upside with scheduled rental increases. This center’s position in the trade area makes for an excellent long term investment.

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Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
11,207 SF
Building Class
B
Year Built
2020
Price
$8,504,826 CAD
Price Per SF
$759 CAD
Cap Rate
6.19%
NOI
$526,448 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.28 AC
Zoning
None - No zoning ordinance
Frontage
171 ft on Harmony Commons Drive

Nearby Major Retailers

MOD Pizza
Chase
H-E-B
LA Fitness
Bank of America
Starbucks
Kroger
Spring Creek Barbeque
Chicken Salad Chick
F45 Training, Inc.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5711-90-00101
Land Assessment
$940,987 CAD
Improvements Assessment
$2,661,087 CAD
Total Assessment
$3,602,075 CAD
  • Listing ID: 29958859

  • Date on Market: 2023-11-03

  • Last Updated:

  • Address: 3532 Harmony Commons Dr, Spring, TX 77386

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