20185 US Highway 59 | New Caney, TX 77357
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- LoopNet Team
20185 US Highway 59
New Caney, TX 77357
New Caney Shopping Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Explosive Market Growth: Over 10,200 homes recently built or under construction in the immediate trade area of the Asset
- Quality Tenancy: Consistent income from high performing gym and grocery anchor tenants which make up 53.5% of GLA
- Grocery Anchored Product: La Michoacana continues to dominate the Hispanic Grocery market and acts as a grocery hub for local residents.
- Outstanding Visibility & Traffic Counts: The Property sits on US Hwy 59 with immense freeway frontage of over 450 feet
- Recent Capital Improvements: Ownership recently replaced 75% of the building with brand new Electrical and HVAC; New TPO Roof; Full Façade Re -do
- Sustainable Rents: The property has rents 18% below the sub-market average.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
54,175 SF
Building Class
C
Year Built/Renovated
1982/2020
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
6.60 AC
Zoning
n/a - Commercial
Parking
259 Spaces (4.78 Spaces per 1,000 SF Leased)
Frontage
450’ on Hwy 59
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 7409-00-00100 | Improvements Assessment | $1,525,510 |
| Land Assessment | $214,490 | Total Assessment | $1,740,000 |
PROPERTY TAXES
Parcel Number
7409-00-00100
Land Assessment
$214,490
Improvements Assessment
$1,525,510
Total Assessment
$1,740,000
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