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508 Murphy Rd
Stafford, TX 77477
Baxi Plaza · Retail Property For Sale
Investment Highlights
- High Performing Intersection with Excellent Visibility from Murphy Rd and Surrounding Businesses.
- Absolute NNN lease with 3-5 years remaining and 10% - 15% annual rent escalations, meaning no landlord responsibility and increasing returns.
- Stabilized, fully leased retail center with long term tenant leases in variety of retail industries.
- Fort Bend County is one of the fastest growing counties in Texas & Dense Residential Neighborhood.
- One of the strongest and most desirable retail trade areas within Stafford.
- Completely renovated Roof and AC system in 2023, the center has benefited from improvements in excess of $100,000+
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
10,000 SF
Building Class
C
Year Built
2004
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.93 AC
Zoning
SY - Stafford, TX Zoning
Parking
45 Spaces (4.5 Spaces per 1,000 SF Leased)
Frontage
661’ on Fm-1092 Rd
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 7240-02-000-0010-907 | Improvements Assessment | $1,202,927 |
| Land Assessment | $477,909 | Total Assessment | $1,680,836 |
Property Taxes
Parcel Number
7240-02-000-0010-907
Land Assessment
$477,909
Improvements Assessment
$1,202,927
Total Assessment
$1,680,836
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