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1416 FM 528 Rd
Webster, TX 77598
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- High Density Area with projected Growth – Current population in a 5 mi radius of this asset is 187,000 and expected to grow .5% over the next 5 years
- Attractive Rental Increases – Tenants have 3% annual increases which hedges against inflation
- Out parcel to a business park – The property is situated in front of an industrial business park
- Near Nationally Recognized Tenants – Property is located near major tenants like Dutch Bros, Pluckers, Harbor Freight, Costco, Hobby Lobby and more
- Recently Construction – The property was built in 2018 which gives the owner the opportunity to put little capital expenditure in the building
- Major Redevelopments in the immediate area – There are major redevelopment projects that are already underway or being planned within a 5 mile radius
EXECUTIVE SUMMARY
Strip center located right off FM 528.
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
10,176 SF
Building Class
B
Year Built
2018
Price
$3,804,000
Price Per SF
$373.82
Cap Rate
6.80%
NOI
$258,625
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
PROPERTY TAXES
| Parcel Number | 1384440020001 | Improvements Assessment | $2,393,326 |
| Land Assessment | $482,994 | Total Assessment | $2,876,320 |
PROPERTY TAXES
Parcel Number
1384440020001
Land Assessment
$482,994
Improvements Assessment
$2,393,326
Total Assessment
$2,876,320
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