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Greatwood Country Shops 1270 Crabb River Rd 14,220 SF 100% Leased Retail Building Richmond, TX 77469 $5,150,000 ($362.17/SF) 6.55% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied | Diverse Tenant Mix | Long-Term Tenancy
- Prime Sugar Land Location | High-Traffic Intersection | Strong Surrounding Retail
- NNN Leases | Fee Simple Ownership | Minimal Landlord Responsibilities
- Proximity to Major Demand Drivers | Regional Traffic Generators | Affluent and Growing Trade Area
EXECUTIVE SUMMARY
SRS National Multi Tenant inverstments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an 100% occupied. 14,220 SF neighborhood retail center, Greatwood Country Shops, located in Sugar Land, Texas. The centers tenant line-up features a variety of local apparel, service and restaurant tenants as well as a Subway and F45 training, both of which have been at the center for more than 7 years. All leases in-place are NNN which includes management fees to be reimburse by the tenant, limiting most expense leakage for an investor.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
14,220 SF
Building Class
B
Year Built/Renovated
2000/2008
Price
$5,150,000
Price Per SF
$362.17
Cap Rate
6.55%
NOI
$337,304
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.71 AC
Zoning
B-1 - Neighborhood Business
Parking
81 Spaces (5.7 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Signalized Intersection
- Monument Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- -
-
$9.99
- -
-
Jan 0000
Local Mexican restaurant located in Richmond, TX since 2019.
- Halo Hair Salon
- Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | $9.99 | - | Jan 0000 | |
| Halo Hair Salon | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0049-00-000-0657-901 | Improvements Assessment | $2,926,167 |
| Land Assessment | $641,250 | Total Assessment | $3,567,417 |
PROPERTY TAXES
Parcel Number
0049-00-000-0657-901
Land Assessment
$641,250
Improvements Assessment
$2,926,167
Total Assessment
$3,567,417
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Greatwood Country Shops | 1270 Crabb River Rd
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