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8765-8765 Spring Cypress Rd
Spring, TX 77379
Stables Town Center · Retail Property For Sale
Investment Highlights
- Established Kroger grocery anchored asset with 6.6 years of WALT
- Significant value creation via leas up and 7%+ mark-to-market opportunity
- Affluent surrounding demographics ($119k+ AHHI)
- Superior neighborhood location along Spring Cypress Rd (46k+ VPD)
- Established and curated merchandising mix with 88% internet resistant tenancy
Executive Summary
Jones Lang LaSalle (“JLL”) is pleased to offer Stables Town Center (“The Property”), an exceptional 148,045-square-foot retail center anchored by Kroger and strategically located at the hard corner of Spring Cypress Road and Champion Forest Drive. Positioned just 2.5 miles from Highway 249 in the thriving Champions Forest submarket, this property serves as a cornerstone retail destination for Northwest Houston’s affluent communities.
Operating at 93% occupancy, the center draws more than 2.5 million visitors annually, leveraging superior visibility and accessibility within Northwest Houston’s most desirable residential areas. The Kroger anchor enjoys an optimal neighborhood position, providing essential services to the surrounding community. The property maintains a diversified tenant portfolio spanning grocery, dining, and service providers, with 8.2 years of average tenure.
Operating at 93% occupancy, the center draws more than 2.5 million visitors annually, leveraging superior visibility and accessibility within Northwest Houston’s most desirable residential areas. The Kroger anchor enjoys an optimal neighborhood position, providing essential services to the surrounding community. The property maintains a diversified tenant portfolio spanning grocery, dining, and service providers, with 8.2 years of average tenure.
Property Facts
Sale Type
Investment
Property Type
Building Size
45,583 SF
Building Class
B
Year Built
2001
Percent Leased
93%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
6.85 AC
Parking
426 Spaces (9.35 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $9,312,310 | |
| Land Assessment | $2,576,133 | Total Assessment | $11,888,443 |
Property Taxes
Parcel Numbers
Land Assessment
$2,576,133
Improvements Assessment
$9,312,310
Total Assessment
$11,888,443
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