3.65 Acres - Shadow Anchored by Walmart

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3.65 Acres - Shadow Anchored by Walmart

Spring, TX 77373
Asking Price
$8.10M
Asset Type
Retail
Class
Class B

What's Special

Located at a prime junction in Spring, Texas, this 3.65-acre retail site is positioned directly adjacent to a high-volume Walmart Supercenter. The surrounding neighborhood is characterized by dense suburban residential developments and established commercial corridors. Significant nearby amenities include Lowe’s Home Improvement, various national fast-food chains, and local service providers. The property benefits from excellent visibility and high traffic counts, with immediate access to major regional thoroughfares that connect the site to the broader Houston metropolitan area and the Grand Parkway. The land is optimized for retail development, offering a strategic location for a multi-tenant shopping center or large-scale flagship store. Given the shadow-anchor relationship with Walmart, the site is well-suited for high-frequency service tenants, including medical clinics, financial institutions, and casual dining restaurants. Ideal occupants include national retailers seeking synergy with established big-box traffic and local businesses requiring prominent street frontage. The expansive acreage provides sufficient space for significant parking infrastructure and flexible building footprints to accommodate diverse commercial requirements.

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NOI
$80,000
Cap Rate
0.99%
DSCR
0.17
Underwater
Cash-on-Cash
-16.50%
Monthly Payment
$40,074.38
Annual Cash Flow
$-400,892.566

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