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Shopping Strip

Shops at Grand Parkway

6941 Spring Stuebner Rd, Spring, TX 77379

Listing Price: $7,238,000

Cap Rate
6.75%
Gross SF
17,600
Rentable SF
17,600
Price/Gross SF
$411.25
Lot Size
2.14 acres
Year Built
2022

Investment Overview

Shops at Grand Parkway is a 100 percent leased, 17,600-square-foot, multi-tenant retail center located in Spring, Texas. Tenants are a complementary mix of internet-resistant and service oriented businesses including Smokers Corner, Leslie's Pool Mart, True Image Orthodontics, Tea Amor Boba Shop, and The Dog Stop. All current leases are triple-net and contain corporate and personal guarantees. The building is new (2022) construction featuring an attractive architectural design and is situated on 2.14 acres with ample paved parking.

The subject property is located on Spring Stuebner Road, at the signalized intersection with Grand Parkway. The center benefits from excellent freeway visibility and high traffic counts of 31,621 vehicles per day. The property is in close proximity to many national and regional retailers, including The Home Depot, F45, Action Behavior Centers, Sunoco, Cavender's Boot City, Target, TJ Maxx, Burlington, Michaels, ULTA Beauty, Five Below, Orange Theory Fitness, Hobby Lobby, Academy Sports + Outdoors, LA Fitness, Whataburger, Chicken Salad Chick, Starbucks, Cinemark, Planet Fitness, Petco, Dollar Tree, Walmart Supercenter, and many others.

Investment Highlights

  • 17,600-Square-Foot, Multi-Tenant Neighborhood Retail Center Located in a High-Growth Area
  • 100% Leased | All Current Leases are Triple-Net and Include Guarantees
  • New (2022) Construction Featuring Attractive Modern Architecture | Situated on a 2.14-Acre Parcel with Ample Paved Parking in Front and Back of the Building
  • Excellent Freeway Visibility | Located at the Signalized Intersection of Spring Stuebner Road and Grand Parkway | Cumulative Traffic Counts Exceed 31,621 Vehicles per Day

Exclusively Listed By

Financing By

Shopping Strip

Shops at Grand Parkway

Listing Price: $7,238,000

Cap Rate
6.75%
Gross SF
17,600
Rentable SF
17,600
Price/Gross SF
$411.25
Lot Size
2.14 acres
Year Built
2022

Investment Highlights

  • 17,600-Square-Foot, Multi-Tenant Neighborhood Retail Center Located in a High-Growth Area
  • 100% Leased | All Current Leases are Triple-Net and Include Guarantees
  • New (2022) Construction Featuring Attractive Modern Architecture | Situated on a 2.14-Acre Parcel with Ample Paved Parking in Front and Back of the Building
  • Excellent Freeway Visibility | Located at the Signalized Intersection of Spring Stuebner Road and Grand Parkway | Cumulative Traffic Counts Exceed 31,621 Vehicles per Day

Investment Overview

Shops at Grand Parkway is a 100 percent leased, 17,600-square-foot, multi-tenant retail center located in Spring, Texas. Tenants are a complementary mix of internet-resistant and service oriented businesses including Smokers Corner, Leslie's Pool Mart, True Image Orthodontics, Tea Amor Boba Shop, and The Dog Stop. All current leases are triple-net and contain corporate and personal guarantees. The building is new (2022) construction featuring an attractive architectural design and is situated on 2.14 acres with ample paved parking. The subject property is located on Spring Stuebner Road, at the signalized intersection with Grand Parkway. The center benefits from excellent freeway visibility and high traffic counts of 31,621 vehicles per day. The property is in close proximity to many national and regional retailers, including The Home Depot, F45, Action Behavior Centers, Sunoco, Cavender's Boot City, Target, TJ Maxx, Burlington, Michaels, ULTA Beauty, Five Below, Orange Theory Fitness, Hobby Lobby, Academy Sports + Outdoors, LA Fitness, Whataburger, Chicken Salad Chick, Starbucks, Cinemark, Planet Fitness, Petco, Dollar Tree, Walmart Supercenter, and many others.

Exclusively Listed By

Financing By

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