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2926 Louetta Rd, Spring, TX, 77388

Napa Auto Parts
$1,811,000

Key Information

Cap Rate
6.25%
$ per SF
$301
Tot. SF
6,000
Lot Size
0.9 Acres
Year Built
2008
Type
Retail
NOI
$113,231

Highlights

  • Passive Investment Structure – Offers investors a hands-off ownership opportunity with no landlord management responsibilities.
  • High-Visibility Location – Positioned along a corridor with strong traffic counts of approximately 37,300 vehicles per day.
  • Near-Term Lease Expiration – Upcoming lease expiration creates potential upside through renewal negotiations, lease restructuring, or future repositioning.
  • Strong Area Demographics – Supported by an average household income of $109,541 within a 10-mile radius.
  • Dense Surrounding Population – Benefits from a sizable consumer base of 908,980 residents within a 10-mile radius.
  • Established Tenant Operating History – Tenant has operated at the location since 2008, demonstrating long-term commitment and historical performance at the site.
  • Houston MSA Location – Situated within the Houston Metropolitan Statistical Area, one of the largest and most economically significant regions in the United States, supporting long-term demand fundamentals.
  • Spring, TX Growth Submarket – Located in the rapidly expanding Spring submarket, characterized by ongoing residential and commercial development contributing to increasing population and economic activity.

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204