Listed by STRIVE Commercial Real Estate Advisors, Strive Commercial Real Estate Advisors
$2,545,000
Kuykendahl Plaza
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 13,350
Net Rentable (SqFt) 13,350
Units 6
Cap Rate 7.45%
NOI $189,496
Occupancy 100%
Tenancy Multi
Price per SqFt $191
Class B
Year Built 1983
Acreage 1.106
Investment Type Stabilized
Ground Lease No
Retail | 7.45% CAP | 13,350 SqFt
Marketing description
Kuykendahl Plaza is a 100% occupied, 13,350 square foot shopping center located at the hard corner of the signalized intersection of Kuykendahl Road and Spring Rain Drive in Spring, Texas. This fully leased retail asset features established long-term tenants and benefits from excellent visibility with over 35,000 average vehicles per day on Kuykendahl Road. The property is positioned in the growing and affluent Spring submarket within the Houston MSA, with strong demographics including a population of over 312,000 and average household income exceeding $102,000 within a 5-mile radius. Nearby major traffic generators include Strack Intermediate School, Benfer Elementary School, Walmart, Kroger, and many more national retailers.
Investment highlights
- 100% Occupied - 13k Square Foot Shopping Center Fully Occupied with Established Long-Term Tenants
- Located at Hard Corner of Signalized Intersection - Northwest Corner of Kuykendahl Rd & Spring Rain Dr
- High Traffic Location - Excellent Visibility to Over 35,000 Average Vehicles Per Day on Kuykendahl Rd
- Sustainable and Easily Replaceable Rents - Low Average Base Rent of $15 Per SF
- Strong Demographics - Located in Growing and Affluent Spring Submarket with Population over 312,000 and Average Household Income over $102,000 within a 5-Mile Radius
- Nearby Major Traffic Generators Include - Strack Intermediate School (1,200+ Students), Benfer Elementary School (700+ Students), Walmart, Kroger, and Many More National Retailers
Listing Contacts
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
$189,496.00
$15,791.33/mo
Valuation Metrics
0
DSCR
7.45%
Cap Rate
7.45%
ROI
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