727 E Louetta Rd | Spring, TX 77373
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- LoopNet Team
727 E Louetta Rd
Spring, TX 77373
The Shops at Louetta · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% leased, and 100% of existing tenants on NNN leases
- Largest tenant, reputable fitness franchisee occupies 2 units and 62% of GLA, has multiple rent bumps through 2023 and options all the way to 2033.
- Located on Louetta, a well-traveled traffic corridor, at a signalized intersection
- Built in only 2015, quality construction with significant useful life remaining and nominal capex costs
- Synergistic tenant mix with gym, health nutrition store, and dining options, ensure strong draw to center
- Directly South lies the beautiful gated Spring Lakes neighborhood, with 786 homes
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
11,985 SF
Building Class
B
Year Built
2017
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.89
Lot Size
0.31 AC
Parking
37 Spaces (3.09 Spaces per 1,000 SF Leased)
Frontage
163’ on Louetta Rd
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 1373000010001 | Improvements Assessment | $2,739,625 |
| Land Assessment | $1,314,160 | Total Assessment | $4,053,785 |
PROPERTY TAXES
Parcel Number
1373000010001
Land Assessment
$1,314,160
Improvements Assessment
$2,739,625
Total Assessment
$4,053,785
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