Listed by Apex Realtors
$7,785,357
Meadow III Retail
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 18,750
Units 5
Cap Rate 7.00%
NOI $544,975
Occupancy 100%
Tenancy Multi
Lease Type NNN
Year Built 2015
Lot Size (SqFt) 110,207
Investment Type Stabilized
Ground Lease No
Retail | 7.00% CAP | 18,750 SqFt
Marketing description
Meadow III Retail is a fully occupied retail shopping center located at 7930 West Grand Parkway in Richmond, Texas. This 18,750 SF retail property sits on 110,207 SF of land and was built in 2015. The property features long term leases in place, prime Grand Parkway frontage, and annual rent increases. With 100% occupancy, the property is anchored by Kumo's Wanderland and includes tenants such as Ramble Creek Grill, N&D Nail Spa, Edible Arrangements, and Brooklyn Pizzeria. The property offers a 7% cap rate with NOI of $544,975 in place as of September 2026.
Investment highlights
- Long term leases in place
- Prime Grand Parkway frontage
- Annual rent increases
Listing Contacts
Listed by Apex Realtors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$544,975.00
$45,414.58/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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