Property Information
North Lexington
Retail - Texas
- 2017 construction with all spaces built-out as second-generation retail, minimizing near-term capital expenditure.
- 100% leased to local, service-oriented tenants with established neighborhood brands and in-place rent payments.
- Majority of leases feature annual rent increases, with current rents slightly below market, providing built-in NOI growth at renewal.
- Strategic North Houston location near George Bush Intercontinental Airport, ExxonMobil’s corporate campus, and Six Flags Hurricane Harbor Splashtown in Spring, drawing strong daily traffic and regional visibility.
| Listing Type | Investment Sales |
|---|---|
| Lot size | 54606 SF |
| Building Size | 11,985 SF |
| Year Built | 2017 |
| Cap Rate | 7.00% |
| Price | $3,880,000.00 |
| City | Spring |
| State | Texas |
| Lease Type | NNN |