1416 FM 528 Rd - Webster, TX

Vital Street with High Traffic Counts –Building is located on W Nasa Parkway which is a major thoroughfare for Webster and the most trafficked street in the city, with over ±39,000 VPD.
High Density Area with projected Growth – Current population in a 5 mile radius of this asset is 187,000 and expected to grow .5% over the next 5 years
Major Redevelopments in the immediate area – There are major redevelopment projects that are already underway or being planned within a 5 mile radius (more information further in the Offering Memorandum)
Near Nationally Recognized Tenants – Property is located near major tenants like Dutch Bros, Pluckers, Harbor Freight, Costco, Hobby Lobby, Michaels, Ashleys Furniture
Attractive Rental Increases – Tenants have 3% annual increases which hedges against inflation
Recently Construction – The property was built in 2018 which gives the owner the opportunity to put little capital expenditure in the building for the next few years
Newly Executed Lease – A lease was just executed this year with a restaurant concept that has 9 locations throughout Houston, for 7 years which is longer than tradition leases for strip centers, showing commitment to the space
Healthy Tenant Mix – Current tenants are comprised of restaurants, a service tenant, and a medical tenant which gives an investor diversity
Out parcel to a business park – The property is situated in front of an industrial business park with the ability to service many of those employees and customers

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Broker of Record

Patrick Graham