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Hanover Plaza 2400 Fm 2920 Rd 29,117 SF 100% Leased Retail Building Spring, TX 77388 $8,584,272 CAD ($294.82 CAD/SF) 8.45% Cap Rate
Investment Highlights
- The property’s strategic location and limited competition ensure consistent rental income and long-term stability.
- Hanover Plaza’s strategic location along Farm to Market 2920 Highway ensures excellent visibility and easy accessibility.
- Completed in 2007, Hanover Plaza features a modern design and is well-maintained. This ensures a visually appealing shopping experience for customers
- The property’s proximity to major retailers like H-E-B, ALDI, McDonald’s, and Jersey Mike’s further enhances its appeal to shoppers
Executive Summary
ROM Commercial Properties presents a prime investment opportunity:
Hanover Plaza Shopping Center. This well-established, 28,658 square foot retail property is ideally
situated in Houston, Texas. Completed in 2007, its modern design and prime location make it a highly
attractive investment. Hanover Shopping Center boasts a strategic location along 2920 Farm to Market
Highway, ensuring high visibility and easy accessibility. Its proximity to major retailers like H-E-B, ALDI,
McDonald’s, and Jersey Mike’s further enhances its appeal to shoppers and drives foot traffic. With
a proven track record of success and a diverse tenant mix, Hanover Plaza offers investors a secure
and profitable asset. The property’s strategic location, combined with limited competition, ensures
consistent rental income and long-term stability.
Hanover Plaza Shopping Center. This well-established, 28,658 square foot retail property is ideally
situated in Houston, Texas. Completed in 2007, its modern design and prime location make it a highly
attractive investment. Hanover Shopping Center boasts a strategic location along 2920 Farm to Market
Highway, ensuring high visibility and easy accessibility. Its proximity to major retailers like H-E-B, ALDI,
McDonald’s, and Jersey Mike’s further enhances its appeal to shoppers and drives foot traffic. With
a proven track record of success and a diverse tenant mix, Hanover Plaza offers investors a secure
and profitable asset. The property’s strategic location, combined with limited competition, ensures
consistent rental income and long-term stability.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
29,117 SF
Building Class
B
Year Built
2007
Price
$8,584,272 CAD
Price Per SF
$294.82 CAD
Cap Rate
8.45%
NOI
$725,596 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.21
Lot Size
3.19 AC
Zoning
C-2 - Commercial
Parking
158 Spaces (5.43 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1306500010001 | Improvements Assessment | $2,962,373 CAD |
| Land Assessment | $2,140,689 CAD | Total Assessment | $5,103,062 CAD |
Property Taxes
Parcel Number
1306500010001
Land Assessment
$2,140,689 CAD
Improvements Assessment
$2,962,373 CAD
Total Assessment
$5,103,062 CAD
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Hanover Plaza | 2400 Fm 2920 Rd
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