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Heartland Dental & Tropical Smoothie 3135 Riley Fuzzel Rd 7,317 SF Retail Building Spring, TX 77386 $5,882,000 ($803.88/SF) 5.75% Cap Rate
Investment Highlights
- Brand New 10-Year Leases | Options To Extend | Scheduled 10% Rental Increases | 2025 Remodel
- Strong Frontage On State Hwy 99 | Minutes from I-45 (231,500 VPD)
- Strong Demographics In 5-mile Trade Area
- NNN Lease Structures | Minimal Landlord Responsibilities
- Adjacent to Walmart Supercenter | Dense Retail Corridor
Executive Summary
• Both tenants recently executed brand-new 10-year leases with additional renewal options, securing long-term income
• Each lease features 10% rental increases every 5 years and at the beginning of each option, driving NOI growth and offering a built-in hedge against inflation
• The property underwent a remodel in 2025, enhancing long-term value
• Each lease features 10% rental increases every 5 years and at the beginning of each option, driving NOI growth and offering a built-in hedge against inflation
• The property underwent a remodel in 2025, enhancing long-term value
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
7,317 SF
Building Class
B
Year Built/Renovated
2018/2025
Price
$5,882,000
Price Per SF
$803.88
Cap Rate
5.75%
NOI
$338,205
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.01 AC
Zoning
Commercial - Commercial
Parking
47 Spaces (6.42 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 0351-01-00215 | Improvements Assessment | $916,865 |
| Land Assessment | $663,135 | Total Assessment | $1,580,000 |
Property Taxes
Parcel Number
0351-01-00215
Land Assessment
$663,135
Improvements Assessment
$916,865
Total Assessment
$1,580,000
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Heartland Dental & Tropical Smoothie | 3135 Riley Fuzzel Rd
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