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Sugar Land, TX - Greatwood Country Shops

$5,150,000

1270 Crabb River Rd, Sugar Land, TX 77469

Active
Last Updated: 11/19/2025

6.55

Cap Rate

337,304

NOI

Details:
Cap Rate:    6.55%
NOI:    $337,304
Building Size:    14,220 sqft
Lot Area:    1.71 acres
Year Built:    2000
Zoning:    B-1 Neighborhood Business
Year Last Renovated:    2008
Description:

SRS National Multi Tenant inverstments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an 100% occupied. 14,220 SF neighborhood retail center, Greatwood Country Shops, located in Sugar Land, Texas. The centers tenant line-up features a variety of local apparel, service and restaurant tenants as well as a Subway and F45 training, both of which have been at the center for more than 7 years. All leases in-place are NNN which includes management fees to be reimburse by the tenant, limiting most expense leakage for an investor.

Greatwood Country Shops is located near the signalized, hard corner intersection of Crabb River Rd (future Grand Pkwy) and Sansbury Blvd with a combined (29,800 VPD). Crabb River Rd also offers direct access to Interstate 69 (124,000 VPD). The center is adjacent to a Mobil and Kwik Kar Out-parcel and across from a McDonalds Drive Thru further enhancing vehicle draw to the location. The asset is also across from its 7,217 SF sister property, Greatwood Country Shops II which is directly next to a freestanding CVS Pharmacy and Jack-in-the-Box drive-thru. In addition, Greatwood Country shops is also 0.5 miles from Riverpark Shopping Center, a 317,331 square foot shopping center anchored by HEB, Dave & Buster, Dollar Tree and LA Fitness which sees over 5.5 million annual shoppers. The property also benefits from its close proximity (<1mile) to Memorial Hermann Sugar Land Hospital (179 Beds) and a Hilton Home 2 Suites (100 rooms) further increasing local and regional consumer traffic to the site. The 5-mile trade area is supported by a population of over 141,000 with an affluent average household income of $154,179.

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