For Sale
$4,113,981
2202 Farm To Market 2920 Spring, TX 77388
High-Yield NNN Ground Lease Investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- 4,055 SF Class A retail bank building on a 1.59-acre lot, leased to Wells Fargo Bank.
- Absolute NNN ground lease with a corporate guarantee, offering a 5.50% cap rate and $226,269 annual NOI.
- 20.1-year lease with 3.4 years remaining; 10% rent increases every 5 years, with two 5-year options remaining.
- Located in a high-traffic retail area in Spring, TX, across from a major H-E-B grocery store, with strong demographics ($125,000 average household income within 3 miles).
- Offered at $4,113,981 ($1,014.55/SF), suitable for a 1031 exchange.
Property Details for 2202 Farm To Market 2920
- Property type
- Retail properties, Banks
- Square Feet
- 4,055 SF
- Class
- A
- Year Built
- 2008
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 69,260 SF
Location Insight
- City
- Spring
- County
- Harris
- State
- Texas
- Latitude
- 30.070349221444
- Longitude
- -95.450224988043
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-Yield NNN Ground Lease Investment
- Where is the retail property located?
- The property is located at 2202 Farm To Market 2920 Spring, TX.
- What is the asking price?
- The asking price for this property is $4,113,981.
- What are key features of this property?
- This property features: 4,055 SF Class A retail bank building on a 1.59-acre lot, leased to Wells Fargo Bank.; Absolute NNN ground lease with a corporate guarantee, offering a 5.50% cap rate and $226,269 annual NOI.; 20.1-year lease with 3.4 years remaining; 10% rent increases every 5 years, with two 5-year options remaining.
- How can I contact the broker?
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