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North Lexington 727 E Louetta Rd 11,985 SF 100% Leased Retail Building Spring, TX 77373 $5,468,200 CAD ($456.25 CAD/SF) 6.77% Cap Rate
Investment Highlights
- Prime location at NWC of E. Louetta & Lexington Rd. with access to I-45, Hardy Toll Rd & Grand Pkwy
- Cross-access with Mobil gas station
- High visibility: 31,700+ VPD on Louetta, 14,000+ VPD on Lexington
- Donut House includes a Drive-Thru
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
11,985 SF
Building Class
B
Year Built
2017
Price
$5,468,200 CAD
Price Per SF
$456.25 CAD
Cap Rate
6.77%
NOI
$370,197 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.89
Lot Size
0.31 AC
Parking
37 Spaces (3.09 Spaces per 1,000 SF Leased)
Frontage
163’ on Louetta Rd
Amenities
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 1373000010001 | Improvements Assessment | $3,745,204 CAD |
| Land Assessment | $1,796,522 CAD | Total Assessment | $5,541,727 CAD |
Property Taxes
Parcel Number
1373000010001
Land Assessment
$1,796,522 CAD
Improvements Assessment
$3,745,204 CAD
Total Assessment
$5,541,727 CAD
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North Lexington | 727 E Louetta Rd
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