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North Lexington 727 E Louetta Rd 11,985 SF 100% Leased Retail Building Spring, TX 77373 $4,000,000 ($333.75/SF) 6.77% Cap Rate
Investment Highlights
- Prime location at NWC of E. Louetta & Lexington Rd. with access to I-45, Hardy Toll Rd & Grand Pkwy
- Cross-access with Mobil gas station
- High visibility: 31,700+ VPD on Louetta, 14,000+ VPD on Lexington
- Donut House includes a Drive-Thru
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
11,985 SF
Building Class
B
Year Built
2017
Price
$4,000,000
Price Per SF
$333.75
Cap Rate
6.77%
NOI
$270,800
Percent Leased
100%
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
Nearby Major Retailers
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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North Lexington | 727 E Louetta Rd
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