30420 Fm2978The Woodlands, TX 77354

For Sale
Call for price

High-NOI, 100% Occupied Shopping Center

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 42,030 square foot shopping center in The Woodlands, TX (Montgomery County, zip code 77354), boasts a 100% occupancy rate and a strong NOI of $1,088,328. Built in 2007, the property comprises four buildings situated on a 5.6-acre lot at the highly visible intersection of FM 2978 and Woodlands Parkway. Its prime location within the affluent Sterling Ridge Village, a master-planned community with homes valued from $500,000 to over $5,000,000, ensures a high-income demographic. The center features a diverse tenant mix of national, regional, and local businesses, including restaurants, medical services, and recreational facilities, creating an internet-resistant portfolio. Seven tenants, occupying over 16,000 square feet, have been established for over seven years, demonstrating the center's long-term viability. The property benefits from a median household income exceeding $154,000 within a one-mile radius and over 47,000 single-family homes within a three-mile radius, further solidifying its strong market position. The Woodlands' master-planned community restrictions limit new retail development, creating high barriers to entry and ensuring sustained value. Average rents are $25.27/SF and operating expenses are $9.88/SF. This stabilized investment opportunity presents a compelling return for discerning investors.

Highlights

  • High-quality, established retail center in The Woodlands, TX's affluent Sterling Ridge Village.
  • Average rents of $25.27/SF and operating expenses of $9.88/SF.
  • Prime location at FM 2978 and Woodlands Parkway intersection.
  • Diverse tenant mix including restaurants, medical, and recreational uses, creating an internet-resistant portfolio.
  • Seven tenants (16,000+ SF) have occupied the center for over seven years.
  • Strong demographics: over 47,000 single-family homes within a three-mile radius and median household income exceeding $154,000 within one mile.

Property Details for 30420 Fm2978

Property type
Lifestyle centers, Power centers
Square Feet
42,030 SF
Year Built
2007
Buildings
4
Lot Size (sq. ft)
243,936 SF

Location Insight

City
The Woodlands
County
Montgomery
State
Texas
Latitude
30.1947315
Longitude
-95.5877808
30420 Fm2978, The Woodlands, Texas

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30420 Fm2978
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