27620 Tx-249Tomball, TX 77375

For Sale
$7,250,000

Multi-tenant retail center, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
97
This exceptional investment opportunity presents a 35,550 square foot, multi-tenant retail center located at 27620 TX-249 in Tomball, Texas. The property, built in 2002 and renovated in 2024, boasts a Class B designation and sits on a generous 3.9-acre lot. Currently operating at 100% occupancy with seven tenants, the center offers 34,918 square feet of net rentable space. The property features ample parking with 200 spaces, providing a convenient 5.58 spaces per 1,000 square feet. The lease type is NNN, with a remaining lease term of 0.5 years. The asking price is $7,250,000, and the property is zoned for commercial use. This stabilized, value-add investment is ideal for those seeking a strong return. The property benefits from a prime location, sharing street and parking lot access with a Walmart Supercenter and a Taco Bell/KFC. It also enjoys 6-lane street frontage just off the freeway, and a new Costco is under construction nearby. A 1031 exchange is possible, and the seller is open to a lease option to purchase with SBA loan financing. The property's APN is 1176310010004. This is a rare opportunity to acquire a well-positioned, high-performing retail center in a rapidly growing area.

Highlights

  • $7,250,000 asking price for a stabilized, value-add retail investment.
  • 35,550 square feet (34,918 rentable) multi-tenant retail property in Tomball, TX.
  • 100% occupancy with seven tenants, lease expiring in 0.5 years.
  • Class B, single-story building constructed in 2002, renovated in 2024, on a 3.9-acre lot with 200 parking spaces.
  • NNN lease, located at 27620 TX-249, Tomball, TX 77375 (APN: 1176310010004).
  • Sale includes a lease option with potential SBA loan; suitable for a 1031 exchange.

Property Details for 27620 Tx-249

Property type
Lifestyle centers, Power centers
Square Feet
35,550 SF
Class
B
Year Built/Renovated
2002/2024
Stories
1
Lot Size (sq. ft)
169,884 SF

Location Insight

City
Tomball
County
Harris
State
Texas
Latitude
30.074590903482
Longitude
-95.626177500311
27620 Tx-249, Tomball, Texas

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27620 Tx-249
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