Log In/Sign Up
Your email has been sent.
Heartland Dental & Tropical Smoothie 3135 Riley Fuzzel Rd 7,317 SF Retail Building Spring, TX 77386 $7,690,838 CAD ($1,051.09 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
$7,690,838 CAD
Price Per SF
$1,051.09 CAD
Cap Rate
6%
NOI
$461,450 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
Nearby Major Retailers
Property Taxes
| Parcel Number | 0351-01-00215 | Improvements Assessment | $1,248,009 CAD |
| Land Assessment | $902,640 CAD | Total Assessment | $2,150,649 CAD |
Property Taxes
Parcel Number
0351-01-00215
Land Assessment
$902,640 CAD
Improvements Assessment
$1,248,009 CAD
Total Assessment
$2,150,649 CAD
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Heartland Dental & Tropical Smoothie | 3135 Riley Fuzzel Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.