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1838 FM 359 Rd
Richmond, TX 77406
Retail Property For Sale
Investment Highlights
- 2020 build-to-suit construction with upgraded design and transferable 20-year roof warranty
- High-growth and high-income market with projected 3.37% annual population growth and $152,000 average household income within one mile
- Located in Texas, a no state income tax state
- The Learning Experience operates 350+ locations nationwide and is one of the fastest-growing childcare providers in the U.S.
- Surrounded by 7,500+ households in established master-planned communities such as Pecan Grove and Pecan Lakes
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
B
Year Built
2020
Price
$3,883,000
Price Per SF
$388.30
Cap Rate
7.65%
NOI
$297,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.05 AC
Zoning
S
Frontage
124’ on Farm to Market 359
Property Taxes
| Parcel Number | 0062-00-000-0328-907 | Improvements Assessment | $690,621 |
| Land Assessment | $509,578 | Total Assessment | $1,200,199 |
Property Taxes
Parcel Number
0062-00-000-0328-907
Land Assessment
$509,578
Improvements Assessment
$690,621
Total Assessment
$1,200,199
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