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2600 Cordes Dr 14,768 SF 100% Leased Retail Building Sugar Land, TX 77479 $7,111,676 CAD ($481.56 CAD/SF) 6.47% Cap Rate
Investment Highlights
- 100% Occupied- All tnants have 5 or more years left
- NNN Lease Structure
- Professional management in place ensures smooth operations, optimized expenses and hands off
- Offering Investors Immediate and predictable cash flow
- Minimal Landlord Responsibilities and creates a passive investment
Executive Summary
Introducing 2600 CORDES DR., a prime investment opportunity located in bustling Sugar Land, TX. This 14,768 SF retail center presents a lucrative offering with a sale price of $5.2 million, boasting a solid CAP rate of 6.47% and 100% occupancy generating a Net Operating Income of $336,598. With an affluent demographic surrounding the property and a diverse array of strong tenants secured with long-term leases in place, this investment ensures immediate cash flow and income stability. The asset features a NNN lease structure that minimizes landlord responsibilities, making it a low-maintenance and passive investment opportunity. Strategically situated near major retailers, dining establishments, healthcare facilities, and entertainment venues, this professionally managed property in the heart of Sugar Land promises a lucrative return on investment. Don't miss the chance to capitalize on this exceptional commercial real estate offering.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
14,768 SF
Building Class
B
Year Built/Renovated
2008/2009
Price
$7,111,676 CAD
Price Per SF
$481.56 CAD
Cap Rate
6.47%
NOI
$460,125 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.36 AC
Zoning
None
Parking
68 Spaces (4.6 Spaces per 1,000 SF Leased)
Frontage
450’ on Cordes Dr.
Amenities
- 24 Hour Access
- Corner Lot
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (80)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0001-00-000-1535-907 | Improvements Assessment | $5,444,882 CAD |
| Land Assessment | $580,889 CAD | Total Assessment | $6,025,771 CAD |
Property Taxes
Parcel Number
0001-00-000-1535-907
Land Assessment
$580,889 CAD
Improvements Assessment
$5,444,882 CAD
Total Assessment
$6,025,771 CAD
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2600 Cordes Dr
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