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Hanover Plaza 2400 Fm 2920 Rd 29,117 SF 100% Leased Retail Building Spring, TX 77388 $6,100,000 ($209.50/SF) 7.63% Cap Rate
Investment Highlights
- The property’s strategic location and limited competition ensure consistent rental income and long-term stability.
- Hanover Plaza’s strategic location along Farm to Market 2920 Highway ensures excellent visibility and easy accessibility.
- Completed in 2007, Hanover Plaza features a modern design and is well-maintained. This ensures a visually appealing shopping experience for customers
- The property’s proximity to major retailers like H-E-B, ALDI, McDonald’s, and Jersey Mike’s further enhances its appeal to shoppers
Executive Summary
ROM Commercial Properties presents a prime investment opportunity:
Hanover Plaza Shopping Center. This well-established, 28,658 square foot retail property is ideally
situated in Houston, Texas. Completed in 2007, its modern design and prime location make it a highly
attractive investment. Hanover Shopping Center boasts a strategic location along 2920 Farm to Market
Highway, ensuring high visibility and easy accessibility. Its proximity to major retailers like H-E-B, ALDI,
McDonald’s, and Jersey Mike’s further enhances its appeal to shoppers and drives foot traffic. With
a proven track record of success and a diverse tenant mix, Hanover Plaza offers investors a secure
and profitable asset. The property’s strategic location, combined with limited competition, ensures
consistent rental income and long-term stability.
Hanover Plaza Shopping Center. This well-established, 28,658 square foot retail property is ideally
situated in Houston, Texas. Completed in 2007, its modern design and prime location make it a highly
attractive investment. Hanover Shopping Center boasts a strategic location along 2920 Farm to Market
Highway, ensuring high visibility and easy accessibility. Its proximity to major retailers like H-E-B, ALDI,
McDonald’s, and Jersey Mike’s further enhances its appeal to shoppers and drives foot traffic. With
a proven track record of success and a diverse tenant mix, Hanover Plaza offers investors a secure
and profitable asset. The property’s strategic location, combined with limited competition, ensures
consistent rental income and long-term stability.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
29,117 SF
Building Class
B
Year Built
2007
Price
$6,100,000
Price Per SF
$209.50
Cap Rate
7.63%
NOI
$465,569
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.21
Lot Size
3.19 AC
Zoning
C-2 - Commercial
Parking
158 Spaces (5.43 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Current Smoke Shop, wanting to vacate. Landlord interested in finding a new tenant.
| Space | Size | Space Use | Position | Available |
| 130 | 2,000 SF | Retail | In-Line | 30 Days |
130
| Size |
| 2,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
130
| Size | 2,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Current Smoke Shop, wanting to vacate. Landlord interested in finding a new tenant.
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1306500010001 | Improvements Assessment | $2,131,357 |
| Land Assessment | $1,540,175 | Total Assessment | $3,671,532 |
Property Taxes
Parcel Number
1306500010001
Land Assessment
$1,540,175
Improvements Assessment
$2,131,357
Total Assessment
$3,671,532
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Hanover Plaza | 2400 Fm 2920 Rd
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