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Heartland Dental & Tropical Smoothie 3135 Riley Fuzzel Rd 7,317 SF Retail Building Spring, TX 77386 $7,844,665 CAD ($1,072.11 CAD/SF) 6% Cap Rate
Investment Highlights
- Brand New 10-Year Leases | Options To Extend | Scheduled 10% Rental Increases | 2025 Remodel
- Strong Frontage On State Hwy 99 | Minutes from I-45 (231,500 VPD)
- Strong Demographics In 5-mile Trade Area
- NNN Lease Structures | Minimal Landlord Responsibilities
- Adjacent to Walmart Supercenter | Dense Retail Corridor
Executive Summary
• Both tenants recently executed brand-new 10-year leases with additional renewal options, securing long-term income
• Each lease features 10% rental increases every 5 years and at the beginning of each option, driving NOI growth and offering a built-in hedge against inflation
• The property underwent a remodel in 2025, enhancing long-term value
• Each lease features 10% rental increases every 5 years and at the beginning of each option, driving NOI growth and offering a built-in hedge against inflation
• The property underwent a remodel in 2025, enhancing long-term value
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
7,317 SF
Building Class
B
Year Built/Renovated
2018/2025
Price
$7,844,665 CAD
Price Per SF
$1,072.11 CAD
Cap Rate
6%
NOI
$470,680 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.01 AC
Zoning
Commercial - Commercial
Parking
47 Spaces (6.42 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0351-01-00215 | Improvements Assessment | $1,265,915 CAD |
| Land Assessment | $915,590 CAD | Total Assessment | $2,181,506 CAD |
Property Taxes
Parcel Number
0351-01-00215
Land Assessment
$915,590 CAD
Improvements Assessment
$1,265,915 CAD
Total Assessment
$2,181,506 CAD
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Heartland Dental & Tropical Smoothie | 3135 Riley Fuzzel Rd
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