Spring TX - Shops at Grand Parkway

Description:

Brand-New Six-Tenant Strip | NNN Leases | Fast-Growing | Houston Submarket
Opportunity to acquire the Shops at Grand Parkway, a brand new six-tenant strip in Spring Texas (Houston MSA).
The 100% occupied building features tenants operating under NNN leases, limiting expense obligations for a future investor.

Strong Trade Area Demographics | Six-Figure Incomes.
More than 225,000 residents and 50,000 employees support the 5-mile trade area.
$148,808 average household income within a 5-mile radius.

Adjacent to New Class-A, 300+ Unit Apartment Complex.
Magnolia at Spring – 2024 Grand Opening.

Proximity to New Amazon Distribution Hub
Located 1 mile west of Amazon DHX4, a 219,000 SF last-mile distribution facility completed in September 2021 with more than 200 employees

Proximity to Local High Schools.
1 mile south of Klein Oak High School (~3,664 students).
4 miles west of Klein Collins High School (~3,294 students).

New 2023 Construction.
Newly constructed building in 2023, with existing building warranties.

Strategic Location.
Near Beltway 8, I-45 Corridor, Bush IAH Airport, The Woodlands & Kingwood master-planned communities.
High Traffic Counts - Grand Parkway/99 (65,550 VPD), Spring Stuebner (19,518 VPD), and Kuykenahl Rd (27,800 VPD).

Located 30 Miles North of Downtown Houston.
Spring is a submarket of Houston, the 4th most populous city in the US, with a population exceeding 2.3 million.

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