This Retail Property is Off-Market.

30502-30526 Tomball Parkway
Tomball, TX 77375 ·

15,750 SF · Retail For Sale



University Plaza- High Traffic Location!

Price N/A Cap Rate 7.50%
Gross Leasable Area 15,750 SF No. Stories 1
Property Type Retail Tenancy Multiple
Property Sub-type
Strip Center
  • Restaurant
  • Retail (Other)
Year Built 1984
Property Use Type Investment Lot Size 40,317 SF
Commission Split 4% APN / Parcel ID 112-957-000-0073
Listing ID: 16477846 Date Created: 11/18/2009 Last Updated: 10/27/2014


Cap rate goes to 10.4% when filled, even at current below market rents.
15,750 foot center in very good condition. Fully remodeled in 2007 with new E.F.I.S. facade, with rock finished columns and lighting at a cost of $175,000 plus $160,000 for the former Prudential Gary Greene interior build-out. Note that Prudential Gary Greene is not longer there, but we have a church renting in the same location now. Financed through Standard Ins. Company. Please assume existing loan at 6 3/8's to avoid payoff penalty. Can pay it off in 4 years with no penalty however. Loan is now just over $800,000

1.5 miles North of Tomball (near Houston), and across from Tomball Community College. At a corner with a light for Highway 249. This locale is beyond the Tomball by-pass, so it is experiencing growth and interest now. Highway 249 is being improved as a future Freeway - has 35,000 cars per day.


  • Assumable Loan of $875K @ 6.375%
  • Anchor tenants are a church and a Mexican Restaurant
  • Across the street from Tomball Community College- About 20,000 Students


30502-30526 Tomball Parkway, Tomball, TX 77375 (Harris County)

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