6941 Spring Stuebner RdSpring, TX 77379

For Sale
$7,516,000

High-growth retail center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 17,600-square-foot shopping center in Spring, Texas, presents a compelling investment opportunity. Boasting a 6.50% cap rate and a strong NOI of $488,550, this stabilized, multi-tenant property is fully leased with five tenants under triple-net (NNN) leases, all including corporate and personal guarantees. The diverse tenant mix features internet-resistant and service-oriented businesses, ensuring consistent income. Built in 2022, the attractive single-building center sits on a 2.14-acre lot with ample parking. Its prime location at the signalized intersection of Spring Stuebner Road and Grand Parkway provides excellent freeway visibility and benefits from high daily traffic counts exceeding 31,621 vehicles. The property enjoys proximity to numerous national and regional retailers, further enhancing its appeal. The surrounding area is highly affluent, with average household incomes exceeding $112,737 within a one-mile radius and a dense population of over 213,660 residents within five miles. Current average rents are below market, offering potential for future income growth. This property is an ideal addition to any portfolio seeking strong returns in a thriving market. The property is located in Harris County, Texas, zip code 77379.

Highlights

  • 17,600-square-foot multi-tenant retail center in high-growth Spring, Texas.
  • 100% leased; all triple-net (NNN) leases with guarantees.
  • Diverse tenant mix of internet-resistant and service-oriented businesses.
  • Below-market rents offer upside potential.
  • 2022 construction; 2.14-acre lot with ample parking; attractive modern architecture.
  • Excellent freeway visibility at Spring Stuebner Rd & Grand Parkway intersection; over 31,621 vehicles daily.

Property Details for 6941 Spring Stuebner Rd

Property type
Lifestyle centers, Power centers
Square Feet
17,600 SF
Year Built
2022
Buildings
1
Lot Size (sq. ft)
93,218 SF
Units
6

Location Insight

City
Spring
County
Harris
State
Texas
Latitude
30.085919114864
Longitude
-95.528672463561
6941 Spring Stuebner Rd, Spring, Texas

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6941 Spring Stuebner Rd
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