2202 Farm To Market 2920Spring, TX 77388
High-Yield NNN Ground Lease Investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 94
Highlights
- 4,055 SF Class A retail bank building on a 1.59-acre lot, leased to Wells Fargo Bank.
- Absolute NNN ground lease with a corporate guarantee, offering a 5.50% cap rate and $226,269 annual NOI.
- 20.1-year lease with 3.4 years remaining; 10% rent increases every 5 years, with two 5-year options remaining.
- Located in a high-traffic retail area in Spring, TX, across from a major H-E-B grocery store, with strong demographics ($125,000 average household income within 3 miles).
- Offered at $4,113,981 ($1,014.55/SF), suitable for a 1031 exchange.
Property Details for 2202 Farm To Market 2920
- Property type
- Other retail properties, Individual retail properties
- Square Feet
- 4,055 SF
- Class
- A
- Year Built
- 2008
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 69,260 SF
Location Insight
- City
- Spring
- County
- Harris
- State
- Texas
- Latitude
- 30.070349221444
- Longitude
- -95.450224988043
Nearby Similar for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].