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25118 Grogans Mill RdSpring, TX 77380
Grogans Mill
Asset ClassRetail
100% LEASED UNANCHORED RETAIL OPPORTUNITY
Overview
Cushman & Wakefield’s Retail Investment Advisors are pleased to present the opportunity to acquire Grogan’s Mill (“the Property”), a 7,470 square foot, 100% leased neighborhood retail strip center located in one of the most affluent and established submarkets within the Houston MSA.
The Property is strategically positioned just west of Interstate 45 along Grogan’s Mill Road, a high-traffic corridor carrying over 41,000 vehicles per day and serving as the primary southern gateway into The Woodlands, widely recognized as the #1 master-planned community in Texas. This coveted location provides excellent visibility and access to the affluent and dense consumer base that daily travels this established regional retail hub.
Investment Highlights
- 100% Leased, Four-Tenant Retail Strip Center positioned along a hightraffic thoroughfare serving one of the nation’s largest and most affluent master-planned communities.
- Stable & Consistent Cash Flow: WALT of 5.1 (12.5 with options) and over 80% of GLA/Revenue is secured by tenants with more than five years of lease term remaining, supported by strong contractual rent growth, generating a 2.77% 10 Year CAGR.
- Recently redeveloped with minimal landlord responsibilities. Former Hollywood video repositioned with a tenant mix of trend-forward retailers.
- Diverse & E-Commerce Resistant Tenant Mix: A balanced lineup of Medical, Food & Beverage, and Service retailers, ideally suited for the surrounding affluent consumer base.
- Exceptional Demographics: Located in a high-growth, affluent submarket with 204,329 residents and an average household income exceeding $142,000 within a five-mile radius.
- Excellent Visibility & Access: Positioned parallel to Grogans Mill Road with ample parking with two points of ingress/egress and ample parking. (6.72 / 1,000 SF) - 50.
- Strategic High-Traffic Thoroughfare: Grogans Mill Road/Sawdust Road, with over 41,000 and 26,000 VPD (respectively), serves as a key connector linking I-45 commuters to The Woodlands’ communities and its surrounding residential villages, one of the largest and most affluent master-planned communities in the U.S.
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25118 Grogans Mill RdSpring, TX 77380
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