Shops at Grand Parkway and Spring Stuebner 6941 Spring Stuebner Rd 17,625 SF 100% Leased Retail Building Spring, TX 77379 $9,985,518 CAD ($566.55 CAD/SF) 6.81% Cap Rate

PRICE REDUCED!!
Shops at Grand Parkway is a 100 percent leased, 17,600-square-foot, multi-tenant retail center located in Spring, Texas. Tenants are a complementary mix of internet-resistant and service oriented businesses including Smokers Corner, Leslie’s Pool Mart, True Image Orthodontics, Tea Amor Boba Shop, and The Dog Stop. All current leases are triple-net and contain corporate and personal guarantees. The building is new (2022) construction featuring an attractive architectural design and is situated on 2.14 acres with ample paved parking.
The subject property is located on Spring Stuebner Road, at the signalized intersection with Grand Parkway. The center benefits from excellent freeway visibility and high traffic counts of 31,621 vehicles per day. The property is in close proximity to many national and regional retailers, including The Home Depot, F45, Action Behavior Centers, Sunoco, Cavender’s Boot City, Target, TJ Maxx, Burlington, Michaels, ULTA Beauty, Five Below, Orange Theory Fitness, Hobby Lobby, Academy Sports + Outdoors, LA Fitness, Whataburger, Chicken Salad Chick, Whataburger, Starbucks, Cinemark, Planet Fitness, Petco, Dollar Tree, Walmart Supercenter, and many others.
- 17,600-Square-Foot, Multi-Tenant Neighborhood Retail Center Located in a High Growth Area
98% Leased | All Current Leases are Triple-Net and Include Guarantees
Diverse Tenant Mix of Internet-Resistant, National and Local Retailers
Current Average Rents are Below Market
New (2022) Construction Featuring Attractive Modern Architecture | Situated on a 2.14-Acre Parcel with Ample Paved Parking in Front and Back of the Building
Excellent Freeway Visibility | Located at the Signalized Intersection of Spring Stuebner Road and Grand Parkway | Cumulative Traffic Counts Exceed 31,621 Vehicles per Day
Directly in Front of Recently Constructed (2020) Magnolia at Springs Apartments (336 Units) | Property is within Walking Distance
Highly Affluent Surrounding Area | Average Household Income is $112,737 within a One-Mile Radius; $122,687 within a Three-Mile Radius; and $126,330 within a Five-Mile Radius
Densely Populated Community of More than 213,660 Residents Within a Five-Mile Radius and a Large Daytime Workforce of 44,104 Within Five Miles
Spring is in Northern Harris County | Lies within the Houston-The Woodlands-Sugar Land Metropolitan Area | Home to ExxonMobil’s Official Headquarters Housing Over 9,000 Employees