100 Vision Park BlvdShenandoah, TX 77384

This exceptional investment opportunity presents a 13,993-square-foot freestanding retail building in Shenandoah, Texas, leased to Mattress Firm, Inc. The property boasts a strong Absolute NNN lease with a corporate guarantee from Mattress Holding Corp, ensuring minimal landlord responsibilities. The lease, originally executed in 2015, has a remaining term of 7.1 years, with three five-year renewal options. Rent increases by 12% every five years, providing consistent income growth. Located on 1.65 acres, the single-story, Class B building enjoys high visibility from I-45, a major thoroughfare with approximately 208,000 vehicles daily. The property benefits from excellent access via Vision Park Blvd and the North Freeway Service Road. Built in 2007, this asset offers a compelling 5.36% cap rate and a substantial net operating income (NOI) of $332,613. Situated in the affluent Houston-The Woodlands-Sugar Land MSA, the property is strategically positioned near major corporate campuses, including Chevron, Phillips 66, McKesson Corporation, and the Exxon Mobil campus. The property's location within a high-income community and its strong lease terms make it an attractive investment for those seeking stable, long-term returns. The asking price is $6,200,000, representing a price per square foot of $443.08. This is a 1031 exchange eligible property.