Grogans Mill
25118 Grogans Mill Road, Spring, TX 77380
Marketing description
100% Leased, Four-Tenant Retail Strip Center positioned along a high-traffic thoroughfare serving one of the nation's largest and most affluent master-planned communities.
Strategically positioned just off I-45 on the southern entrance to The Woodlands, the Property benefits from excellent regional connectivity and direct access to Houston's most established master-planned community. Located within the highly affluent neighborhoods and major employers, the site sits amid a dense cluster of retail, office, entertainment, and hospitality destinations that drive steady daily traffic.
Surrounded by a mix of national retailers, professional services, and community-serving businesses, this supply constrained corridor functions as a key hub for both The Woodlands and Spring, supported by steady population growth and consistent commercial vibrancy.
Investment highlights
- Stable & Consistent Cash Flow: WALT of 5.1 (12.5 with options) and over 80% of GLA/Revenue is secured by tenants with more than five years of lease term remaining, supported by strong contractual rent growth, generating a 2.77% 10 Year CAGR.
- Diverse & E-Commerce Resistant Tenant Mix: A balanced lineup of Medical, Food & Beverage, and Service retailers, ideally suited for the surrounding affluent consumer base.
- Recently redeveloped with minimal landlord responsibilities. Former Hollywood video repositioned with a tenant mix of trend-forward retailers.
- Exceptional Demographics: Located in a high-growth, affluent submarket with 204,329 residents and an average household income exceeding $142,000 within a five-mile radius.
- Excellent Visibility & Access: Positioned parallel to Grogans Mill Road with ample parking with two points of ingress/egress and ample parking. (6.72 / 1,000 SF) - 50.
- Strategic High-Traffic Thoroughfare: Grogans Mill Road/Sawdust Road, with over 41,000 and 26,000 VPD (respectively), serves as a key connector linking I-45 commuters to The Woodlands' communities, Hughes Landing, and its surrounding residential villages, one of the largest and most affluent master-planned communities in the U.S.
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