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29796129
29796130

3624 Farm to Market 2920, Spring, TX 77388

JD
TX 702071-SA
STRIVE Commercial Real Estate Advisors
STRIVE | Commercial Real Estate Advisors
Listed by STRIVE Commercial Real Estate Advisors, STRIVE | Commercial Real Estate Advisors
$3,110,000
107 days on market
Updated 38 days ago

Urbanika Plaza

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 10,770
Net Rentable (SqFt) 10,770
Units 4
Cap Rate 4.31%
NOI $134,114
Occupancy 68%
Tenancy Multi
Lease Type Absolute NNN
Rent Bumps Yes
Pro-Forma Cap Rate 8.09%
Pro-Forma NOI $251,591
Price per SqFt $289
Year Built 2016
Buildings 1
Acreage 0.990
Investment Type Value Add
Ground Lease No

Retail | 4.31% CAP | 10,770 SqFt

Marketing description

For Sale

Investment highlights

  • Attractive Value-Add Opportunity Through Lease-Up
    Opportunity to achieve above-market returns by stabilizing a well-located neighborhood retail center in a historically strong leasing pocket.

  • Proven Retail Corridor with Limited Vacancy
    FM 2920 is an established retail corridor supported by dense surrounding neighborhoods and historically limited small-shop vacancy

  • Strategic Location
    Located just south of The Woodlands with convenient access to I-45, benefiting from proximity to one of Houston’s most affluent and employment-dense submarkets.

  • Surrounded by Residential and Retail Growth
    Benefiting from nearby master-planned communities and expanding retail development that continue to drive traffic and tenant demand.

  • Affluent Demographics Supporting Daily-Needs Retail
    Average household incomes exceed $108,000–$111,000 within a 2–3 mile radius, supporting service-oriented and neighborhood retail tenants

  • Stable Residential Base with Strong Homeownership
    Approximately 69% owner-occupied households within 3 miles, providing long-term stability and repeat customer traffic

  • Favorable Long-Term Growth Outlook
    Population growth projected across the broader trade area, reinforcing sustained demand for neighborhood retail and services

Listing Contacts

JD
TX 702071-SA
STRIVE Commercial Real Estate Advisors
STRIVE | Commercial Real Estate Advisors
Listed by STRIVE Commercial Real Estate Advisors, STRIVE | Commercial Real Estate Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$134,114.00
$11,176.17/mo

Valuation Metrics

0
DSCR
4.31%
Cap Rate
4.31%
ROI

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Additional Information

Name
Jake Dutson
License
702071-SA
Brokerage Phone
4698448880
Name
Justin Shearer
License
836420
Brokerage
STRIVE
Brokerage Phone
2818438176
Title
Texas
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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