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31772929
31772928

340 Rayford Rd, Spring, TX 77386

GL
TX TX 419197
Marcus & Millichap - Houston
Marcus & Millichap - Houston
Listed by Marcus & Millichap - Houston
$2,380,000
44 days on market
Updated 44 days ago

Sam's Plaza

Details
APN 8225-00-00110
Property Type Retail
Sub Type Shopping Center
Square Footage 8,711
Net Rentable (SqFt) 8,711
Units 2
Cap Rate 7%
NOI $166,630
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Lease Options Options for Tenants
Price per SqFt $273
Class B
Year Built 2005
Year Renovated 2010
Buildings 1
Stories 1
Acreage 0.580
Zoning 6
Parking Spaces 15 spaces
Parking Per SqFt 1.72
Investment Type Value Add
Ownership Fee Simple

7% Cap Rate Shopping Center For Sale Under $2.5 Million in Spring/The Woodlands (Houston MSA)

Marketing description

Marcus & Millichap is pleased to exclusively list for sale Sam’s Plaza, located at 340 Rayford Road in Spring, Texas. This 8,711-square-foot retail center is 100 percent occupied, accommodating two triple-net tenants, protecting an investor from possible increases in future expenses.

Sam’s Plaza represents a compelling neighborhood retail investment opportunity positioned within one of North Houston’s fastest-growing suburban corridors. Located just ±1,000 feet from Interstate 45, the asset benefits from exceptional regional connectivity and strong commuter traffic, with approximately 50,000 vehicles per day along Rayford Road and significantly higher volumes along I-45. The surrounding trade area is anchored by national retailers, including H-E-B, Walmart, Kroger, and Walgreens, reinforcing the corridor as a primary retail destination and consistent consumer draw.

The average household income exceeds $100,000 within a one-mile radius, indicative of strong purchasing power and favorable tenant sales performance. The asset is embedded within the Imperial Oaks master-planned community, an area experiencing continued residential expansion and population growth, driving retail demand and supporting rent growth across the submarket.

Sam’s Plaza is offered for sale at a price of $2,380,000 which represents a 7 percent cap rate. The property offers investors a well located, income-producing retail asset with embedded growth potential and exposure to one of the Houston MSA’s most dynamic suburban retail corridors.

Investment highlights

  • Stabilized Rent Roll with Long-Term Leases
  • Rayford Road Allows Direct Access to Interstate 45
  • 100 Percent Occupied: Triple-Net Tenants
  • Near Signalized Intersection
  • Frontage on Rayford Road

Listing Contacts

GL
TX TX 419197
Marcus & Millichap - Houston
Marcus & Millichap - Houston
Listed by Marcus & Millichap - Houston

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$166,630.00
$13,885.83/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Gus Lagos
License
TX 419197
Name
Alex Wolansky, CCIM
License
TX 702899
Brokerage Phone
7134524200
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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