6941 SPRING STUEBNER RD Spring TX 77379-1816

Brand-New Six-Tenant Strip | NNN Leases | Fast-Growing Houston Submarket

• Opportunity to acquire the Shops at Grand Parkway, a brand new six-tenant strip in Spring Texas (Houston MSA)

• The 100% occupied building features tenants operating under NNN leases, limiting expense obligations for a future investor

Flexible Space | Below-Market Rents

• The 6 suites range in size from 1,150 – 6,750 SF – highly attractive and adaptable to a variety of tenants/uses

• Average rent of just $28 PSF

Strong Trade Area Demographics | Six-Figure Incomes

• More than 225,000 residents and 50,000 employees support the 5-mile trade area

• $148,808 average household income within a 5-mile radius

Strategic Location

• Near Beltway 8, I-45 Corridor, Bush IAH Airport, The Woodlands & Kingwood master-planned communities

• High Traffic Counts - Grand Parkway/99 (65,550 VPD), Spring Stuebner (19,518 VPD), and Kuyekenahl Rd (27,800 VPD)

Strong Retail Synergy

• Adjacent to Grand Parkway Marketplace, a 349K square foot regional shopping center on 75 acres, anchored by Target, Walmart, Academy, Hobby Lobby, LA Fitness, TJ Maxx, PetSmart, Burlington, Michaels, Spec’s and many more

New 2023 Construction

• Newly constructed building in 2023, with existing building warranties

Proximity to Local High Schools

• 1 mile south of Klein Oak High School (~3,664 students)

• 4 miles west of Klein Collins High School (~3,294 students)

Located 30 Miles North of Downtown Houston

• Spring is a submarket of Houston, the 4th most populous city in the US, with a population exceeding 2.3 million

NNN Leases

• Ease of management well suited for an out of town/state Investor

Diversified Tenant Mix

• Dynamic mix of Retail and Service based tenants with high level of E-Commerce Resistance

Adjacent to New Class-A, 300+ Unit Apartment Complex

• Magnolia at Spring – 2024 Grand Opening

Proximity to New Amazon Distribution Hub

• Located 1 mile west of Amazon DHX4, a 219,000 SF last-mile distribution facility completed in September 2021 with more than 200 employees

Ease of Management - 100% Occupied with NNN Leases

Long-Term Leases - Weighted Average Lease Term of 6.2 Years

Sustainable and Easily Replaceable Rents - Low Average Base Rent of $28 Per SF

Scheduled Rent Escalations - Rent Growth with Scheduled Increases during Primary Term and Renewal Options

New 2023 Construction - 16,700 Square Foot Shopping Center with 89 Parking Spaces (Over 5 Spaces Per 1,000 SF)

Complementary Tenant Lineup - Tenancy Consists of Internet-Resistant and Service-Based Retailers with 58% of Gross Leasable Area Leased to National Tenants

High Traffic Location - Well Positioned at Lighted Intersection of Grand Parkway North (Highway 99) and Spring Stuebner with Excellent Visibility to Over 83,000 Average Vehicles Per Day

Affluent Houston Submarket - Located in Fast Growing Submarket of Spring, Texas, with Population of 213,660 and Average Household Income of $126,330 within a 5-Mile Radius of the Property

Located in Growing Retail Trade Area - Nearby Major Attractions Include Target, Kroger, Walmart, Cinemark, Hobby Lobby, Academy, LA Fitness, TJ Maxx, PetSmart, Burlington, Barnes & Noble, Michaels, and Many Other National Retailers