1964 Northpark Dr
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1964 Northpark Dr
9,900 SF 100% Leased Retail Building Kingwood, TX 77339 $2,949,000 ($298/SF) 7.50% Cap Rate
Investment Highlights
- 7.50 Cap Rate on Stabilized Rents
- 50% Tenants on 10-Year Lease Term
- Prime Retail Trade Area
- Long Term Tenants
- 100% Location
Executive Summary
Prime investment property. Gateway to the city of Kingwood off main highway 59 connection Rd. (40,000 APD)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,900 SF
Building Class
B
Year Built/Renovated
2002/2022
Price
$2,949,000
Price Per SF
$298
Cap Rate
7.50%
NOI
$221,241
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.88 AC
Zoning
N/Ap, County
Parking
40 Spaces (4.04 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Monument Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0283-00-00557 | Improvements Assessment | $510,010 |
| Land Assessment | $229,990 | Total Assessment | $740,000 |
PROPERTY TAXES
Parcel Number
0283-00-00557
Land Assessment
$229,990
Improvements Assessment
$510,010
Total Assessment
$740,000
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1964 Northpark Dr
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