Vacant-User
Auction - REIT Sale | 12K SF Former NTB | 260K VPD | 1.1 Acres
17313 North Fwy, Houston, TX 77090
Starting Bid: $250,000
Investment Overview
Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2212/
Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 17313 North Fwy, Houston, Texas, 77090 (the “Property”). Formerly occupied by NTB, the Property is offered significantly below replacement cost, making it an attractive owner/user or investment opportunity with substantial value enhancement potential.
Originally built in 1993, the Property consists of a one-story, building totaling approximately ±12,709 square feet. Situated on ±1.1 acres of land (±47,700 SF), it features 35 surface parking spaces, 4 ADA spaces, two (2) automotive bays and offers convenient access via two points of egress/ingress. The Property was formerly occupied by NTB - National Tire & Battery Auto Centers on a net lease and offers potential investors the ability to acquire a free-standing retail building with significant value add through long lease up at long term market rates (CoStar estimated retail rents of $19-23/NNN Retail).The City of Houston does not have a zoning ordinance providing for flexibility for a variety of commercial uses through potential adaptive reuse or repositioning strategies.
Located along the bustling I-45 North Corridor, the Property at 17313 North Freeway is strategically positioned within the Houston-The Woodlands-Sugar Land MSA, which is the second largest metropolitan area in Texas and the fifth largest in the United States. The Property benefits from excellent access and visibility from Interstate 45 (North Freeway) with over 260k VPD and is also near FM1960 (±57k VPD), providing convenient access to the surrounding areas. This ideal location also offers convenient access to TX Hwy 249 (Tomball Parkway), TX Hwy 6, U.S. Hwy 290 (Northwest Freeway), Sam Houston Tollway (Beltway 8) and George Bush Int’l Airport (±15-min). The Property is located adjacent to a Wells Fago bank that is ranked 2nd in Deposit Market Share within the zip code with $1.4B in deposits. The area is surrounded by affluent residential communities, public/private golf courses, fine dining establishments and the Willowbrook Mall, featuring some of the largest and most sought after retailers in America (±15-min from the Property). The Property is strategically located near major retail destinations, including the Altamesa McCart Center anchored by Kroger (±2-min), both major economic drivers for the submarket. Additionally, HCA Houston Healthcare Northwest (423-beds) is ±1-mi away , BMC North Hospital is ±2-miles away, and Texas Health Harris Methodist Southwest Hospital (±4-mi) is nearby, anchoring a burgeoning healthcare hub. This former NTB is positioned within a thriving trade area, surrounded by strong residential growth in neighborhoods such as Benbrook, Ridglea Hills, and Tanglewood. The immediate area includes ±111k residents with an average household income of $86k within a 3-miles and expands to over 295k residents with an AHHI of $92k within 5-mi.
Investment Highlights
- STARTING BID $250,000 | 12K SF Former NTB | 260K VPD | 1.1 Acres | AUCTION NOVEMBER 18-20, 2024
- 12,709 SF Former NTB (owned by Tire Kingdom parent company) with Pylon and 2 Service Bays on Huge 1.1 Acre Parcel
- Hard Corner with 260K VPD Traffic Count Visibility and Access from I-45 in Houston's FM1960/I-45 Retail Submarket
- Neighboring National Retailers: Kroger, Wells Fargo, Planet Fitness, Chick-fil-A, Ross, Topgolf, PetSmart, Texas Roadhouse, and more
- HCA Houston Healthcare 1-mi away; BMC North Hospital 2-mi away; Texas Health Harris Methodist Southwest Hospital 4-mi away
- Houston has No Zoning Code; Houston-The Woodlands-Sugar Land Metro is 5th largest in US; Located 20 minutes from Downtown Houston
- Attractive Demographics with 5-Mile Population of ±295,936 People with an Annual Household Income of $92,756
Exclusively Listed By
Broker of Record
Vacant-User
Auction - REIT Sale | 12K SF Former NTB | 260K VPD | 1.1 Acres
Starting Bid: $250,000
Investment Highlights
- STARTING BID $250,000 | 12K SF Former NTB | 260K VPD | 1.1 Acres | AUCTION NOVEMBER 18-20, 2024
- 12,709 SF Former NTB (owned by Tire Kingdom parent company) with Pylon and 2 Service Bays on Huge 1.1 Acre Parcel
- Hard Corner with 260K VPD Traffic Count Visibility and Access from I-45 in Houston's FM1960/I-45 Retail Submarket
- Neighboring National Retailers: Kroger, Wells Fargo, Planet Fitness, Chick-fil-A, Ross, Topgolf, PetSmart, Texas Roadhouse, and more
- HCA Houston Healthcare 1-mi away; BMC North Hospital 2-mi away; Texas Health Harris Methodist Southwest Hospital 4-mi away
- Houston has No Zoning Code; Houston-The Woodlands-Sugar Land Metro is 5th largest in US; Located 20 minutes from Downtown Houston
- Attractive Demographics with 5-Mile Population of ±295,936 People with an Annual Household Income of $92,756
Investment Overview
Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2212/ Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 17313 North Fwy, Houston, Texas, 77090 (the “Property”). Formerly occupied by NTB, the Property is offered significantly below replacement cost, making it an attractive owner/user or investment opportunity with substantial value enhancement potential. Originally built in 1993, the Property consists of a one-story, building totaling approximately ±12,709 square feet. Situated on ±1.1 acres of land (±47,700 SF), it features 35 surface parking spaces, 4 ADA spaces, two (2) automotive bays and offers convenient access via two points of egress/ingress. The Property was formerly occupied by NTB - National Tire & Battery Auto Centers on a net lease and offers potential investors the ability to acquire a free-standing retail building with significant value add through long lease up at long term market rates (CoStar estimated retail rents of $19-23/NNN Retail).The City of Houston does not have a zoning ordinance providing for flexibility for a variety of commercial uses through potential adaptive reuse or repositioning strategies. Located along the bustling I-45 North Corridor, the Property at 17313 North Freeway is strategically positioned within the Houston-The Woodlands-Sugar Land MSA, which is the second largest metropolitan area in Texas and the fifth largest in the United States. The Property benefits from excellent access and visibility from Interstate 45 (North Freeway) with over 260k VPD and is also near FM1960 (±57k VPD), providing convenient access to the surrounding areas. This ideal location also offers convenient access to TX Hwy 249 (Tomball Parkway), TX Hwy 6, U.S. Hwy 290 (Northwest Freeway), Sam Houston Tollway (Beltway 8) and George Bush Int’l Airport (±15-min). The Property is located adjacent to a Wells Fago bank that is ranked 2nd in Deposit Market Share within the zip code with $1.4B in deposits. The area is surrounded by affluent residential communities, public/private golf courses, fine dining establishments and the Willowbrook Mall, featuring some of the largest and most sought after retailers in America (±15-min from the Property). The Property is strategically located near major retail destinations, including the Altamesa McCart Center anchored by Kroger (±2-min), both major economic drivers for the submarket. Additionally, HCA Houston Healthcare Northwest (423-beds) is ±1-mi away , BMC North Hospital is ±2-miles away, and Texas Health Harris Methodist Southwest Hospital (±4-mi) is nearby, anchoring a burgeoning healthcare hub. This former NTB is positioned within a thriving trade area, surrounded by strong residential growth in neighborhoods such as Benbrook, Ridglea Hills, and Tanglewood. The immediate area includes ±111k residents with an average household income of $86k within a 3-miles and expands to over 295k residents with an AHHI of $92k within 5-mi.