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Birnham Woods Marketplace, Spring, Texas

Birnham Woods Marketplace

Spring, Texas

Price $36,754,000
Cap Rate 6.25%
NOI $2,297,093
Lease Term Various
Lease Type Various
Rental Increases Various
Year Built 2016
Building Size 89,838 SF
Lot Size 12.12 Acres (527,947 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Scott Crowle
Executive Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Investment Highlights

100% LEASED TROPHY RETAIL CENTER IN HOUSTON
» Long-term leases to strong tenants in affluent Texas market
» Scheduled rental increases in primary terms and option periods, providing a hedge against inflation
» Excellent mix of nationally recognized and “Amazon-proof” retailers
» Multi-tenant shopping center with two outparcels, offering investment diversification

FREEWAY VISIBLE LOCATION IN HIGHLY POPULATED AND AFFLUENT AREA
» 135,720 residents within a five-mile radius of the property
» $129,842 average household income within a one-mile radius
» Freeway visibility from Grand Parkway (44,221 AADT)
» Proximity to Interstate 45/North Freeway (204,000 AADT) and Rayford Road (34,986 AADT) greatly increasing visibility and traffic to the location
» Projected 11 percent average annual household income increase within three miles of the site in the next five years, poising Birnham Woods Marketplace and Spring, Texas for significant concurrent growth

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND SCHOOLS
» Surrounded by a strong mix of well-established national tenants in a dense retail corridor, including Kroger, Walmart Supercenter, Chick-fil-A, Regal, First National Bank, Whataburger, Bank of America and Many More
» Beneficial proximity to the Exxon Mobile Houston Campus, a site that accommodates 10,000 employees and visitors
» Walking distance from York Junior High School and Synder Elementary School (2,489 students combined), driving lunchtime traffic to the site

2016 CONSTRUCTION
» High-quality construction completed in 2016, limiting near-term deferred maintenance or capital costs
» Ample on-site and cross-access parking



Property Description

The property has an easily accessible location along Riley Fuzzel Road, which runs parallel with Grand Parkway freeway (44,221 AADT). The property benefits from its central location in a highly populated area, with 135,720 residents living within a five-mile radius of the location. The site benefits from nearby traffic on Interstate 45/North Freeway (204,000 AADT) and Rayford Road (34,986 AADT). With a projected 11 percent average annual household income increase within three miles of the site in the next five years, Birnham Woods Marketplace and Spring, Texas are poised for significant concurrent growth.

The site benefits from its location near large employers, retailers, and schools. The property is surrounded by a strong mix of well-established national tenants in a dense retail corridor, including Walmart Supercenter, Chick-fil-A, Regal, First National Bank, Whataburger, Bank of America and many more. It is also 3.5 miles from the ExxonMobil Houston Campus, which is a 385-acre site that accommodates 10,000 employees and visitors. The location is walking distance away from York Junior High School and Synder Elementary School (2,489 students combined) and is also a two-minute drive from Grand Oaks High School (1,241 students), driving traffic to the site.

Contact Us About This Property



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