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26710 Interstate 45
Spring, TX 77386
Mattress Firm · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Recent Lease Renewal: Tenant recently extended the lease through October 31, 2031, demonstrating long-term commitment to the location.
- Below Replacement Cost: Priced well below current replacement cost, offering an attractive entry point.
- Prime Visibility & Access: Exceptional exposure to 235,000+ vehicles per day along Interstate 45, one of the Houston metro’s busiest corridors.
- Rental Growth Potential: Renewal option delivers a 21% rent increase, yielding an 8.60% Cap rate.
- Stable Cash Flow: Corporate-guaranteed Modified NNN Lease with annual rent of $203,677, providing dependable income backed by a strong national credit
- Strong Demographics: Affluent and rapidly expanding trade area with over 175,000 residents within a 5-mile radius and continued population growth.
EXECUTIVE SUMMARY
Marcus & Millichap’s TC Retail Group is pleased to present 26710 I-45 A in Spring, Texas, a corporate guaranteed Mattress Firm investment located along one of the Houston metro’s busiest retail corridors.
Built in 2008, the 9,109-square-foot property sits on 0.36 acres and is offered at $2,680,000 with an annual rent of $203,677. The lease was recently renewed through October 31, 2031, demonstrating long-term tenant commitment, and includes one five-year renewal option at $246,490 annually.
This Modified NNN lease provides a stable and predictable income stream with the tenant responsible for taxes, insurance, CAM, and HVAC, minimizing landlord obligations.
Positioned along Interstate 45, a major transportation artery with 235,000+ vehicles per day, the property benefits from exceptional visibility and access within the high-growth Spring–The Woodlands trade area. Surrounded by national retailers and dense residential development, this asset offers a secure, corporately backed investment in one of Texas’s most dynamic suburban markets.
Built in 2008, the 9,109-square-foot property sits on 0.36 acres and is offered at $2,680,000 with an annual rent of $203,677. The lease was recently renewed through October 31, 2031, demonstrating long-term tenant commitment, and includes one five-year renewal option at $246,490 annually.
This Modified NNN lease provides a stable and predictable income stream with the tenant responsible for taxes, insurance, CAM, and HVAC, minimizing landlord obligations.
Positioned along Interstate 45, a major transportation artery with 235,000+ vehicles per day, the property benefits from exceptional visibility and access within the high-growth Spring–The Woodlands trade area. Surrounded by national retailers and dense residential development, this asset offers a secure, corporately backed investment in one of Texas’s most dynamic suburban markets.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,109 SF
Building Class
B
Year Built/Renovated
2004/2015
Price
$3,691,191 CAD
Price Per SF
$405.22 CAD
Cap Rate
7%
NOI
$258,509 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.58
Lot Size
0.36 AC
Zoning
B-2
Parking
34 Spaces (3.73 Spaces per 1,000 SF Leased)
Frontage
100’ on I 45
PROPERTY TAXES
| Parcel Number | 0191-05-02900 | Improvements Assessment | $1,429,041 CAD |
| Land Assessment | $581,326 CAD | Total Assessment | $2,010,367 CAD |
PROPERTY TAXES
Parcel Number
0191-05-02900
Land Assessment
$581,326 CAD
Improvements Assessment
$1,429,041 CAD
Total Assessment
$2,010,367 CAD
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