100 Vision Park BlvdShenandoah, TX 77384

Property Details for 100 Vision Park Blvd

Year built

2007

Lot size

1.65 AC

Property size (Sq ft)

13,764 SF

Property type

Other commercial real estate

APN

9446-55-00400

APU

94465500400

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $4,330,871

  Hospitality

  $3,967,055

  Educational

  $3,300,543

  Medical

  $3,414,054

  Retail

  $5,134,178

Location Insight

City

Shenandoah

County

Montgomery

State

Texas

Latitude

30.1918

Longitude

-95.4548

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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