19380 I-45Spring, TX 77373

This exceptional 33,060 square foot shopping center in Spring, Texas, presents a compelling investment opportunity. Boasting a 100% occupancy rate and a strong NOI of $862,398, this property offers a 7.19% cap rate at an asking price of $12,000,000 ($362.98/sq ft). Built in 2014, the center sits on a 4.07-acre lot and features a Boot Barn anchor tenant and a Topgolf shadow anchor, complemented by a mix of neighborhood essential tenants. Its prime location offers unparalleled visibility from I-45, with traffic counts exceeding 230,240 vehicles per day on I-45 and over 23,700 on Cypresswood Drive. The center provides easy access and ample parking (7 stalls per 1,000 sq ft), six access points, and drive-thru capability. High-visibility signage is a key feature. The property benefits from its proximity to major employers like ExxonMobil and Hewlett Packard, situated within the City Place development. All tenants have lease renewal options, ensuring long-term stability and income potential. The surrounding area is home to numerous national retailers, including Target, Walmart, Home Depot, Lowe's, H-E-B, and Kroger, further solidifying the center's strong position within a thriving retail corridor.