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Kingwood Plaza 300 Northpark Dr 19,428 SF 100% Leased Retail Building Kingwood, TX 77339 For Sale 6.50% Cap Rate
Investment Highlights
- Positioned at the signalized intersection of Highway 59 (US-69) & Northpark Drive
- 109,825 residents within a 5-mile radius
- Available individually or as part of a six-property Houston MSA retail portfolio
- 100% occupied | 8 NNN tenants | staggered leases through 2033
- Kingwood, second only to The Woodlands in size and prestige in the Houston MSA
Executive Summary
Alison Commercial Group presents Kingwood Plaza, a fully leased, 19,428 SF multi-tenant retail center positioned at the signalized intersection of Highway 59 (US-69) and Northpark Drive in Kingwood, Texas.?
The property is 100% leased to eight NNN tenants with staggered lease terms through 2033, offering investors a stable, management-light income stream in one of Houston's most prestigious master-planned communities.?
The center benefits from 36,880+ vehicles per day on Northpark Drive, two points of ingress/egress, and prominent pylon signage.? The surrounding trade area boasts 109,825 residents and an average household income of $105,492, well above the national average within a community second only to The Woodlands in size and prestige in the Houston MSA.?
This property is part of a 6-property Houston MSA retail portfolio. Available for individual purchase or as part of a portfolio/bulk acquisition. Contact listing broker for portfolio pricing and details.
The property is 100% leased to eight NNN tenants with staggered lease terms through 2033, offering investors a stable, management-light income stream in one of Houston's most prestigious master-planned communities.?
The center benefits from 36,880+ vehicles per day on Northpark Drive, two points of ingress/egress, and prominent pylon signage.? The surrounding trade area boasts 109,825 residents and an average household income of $105,492, well above the national average within a community second only to The Woodlands in size and prestige in the Houston MSA.?
This property is part of a 6-property Houston MSA retail portfolio. Available for individual purchase or as part of a portfolio/bulk acquisition. Contact listing broker for portfolio pricing and details.
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
19,428 SF
Building Class
C
Year Built
2018
Cap Rate
6.50%
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
2.00 AC
Zoning
None
Parking
100 Spaces (5.15 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6433-15-00102 | Improvements Assessment | $4,739,679 |
| Land Assessment | $1,045,380 | Total Assessment | $5,785,059 |
Property Taxes
Parcel Number
6433-15-00102
Land Assessment
$1,045,380
Improvements Assessment
$4,739,679
Total Assessment
$5,785,059
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Kingwood Plaza | 300 Northpark Dr
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