FOR SALE19075 I -45 NORTH FREEWAY | HOUSTON MSA, TEXAS

RETAIL SHOWROOM OR WAREHOUSE

DEREK MYERSExecutive Managing Director713.599.5129dmyers@ngkf.com

PHILIP PRICEExecutive Managing Director713.599.5156pprice@ngkf.com

This property includes a 27,625 square foot facility located at 19075 N Freeway, Spring, Texas. The improvement was constructed in 2002 and are situated on 3.47 acres which includes a detention pond giving 2.93 of usable acres. The clear height of the facility is 21 feet and includes a second floor office / mezzanine space comprising of 4,659 square feet. The facility is currently being utilized as a fitness gym with an open first floor, two grade level loading doors, a second floor office and the entire facility has HVAC. This site is perfectly situated for a retail showroom with 223 feet of frontage on the highly traveled I-45 and being within one mile of more than 3.5 million square feet of retail.

RETAIL SHOWROOM/WAREHOUSE19075 I-45 N FREEWAY | HOUSTON MSA (SPRING), TEXAS

45

19075 NORTH FREEWAY

BUILDING SIZE 27,625 SF

LAND AREA 3.48 ACRES - TOTAL 2.93 ACRES - USABLE

1ST FLOOR 22,966 SF - TOTAL 20,089 SF - FINISHED 2,877 SF - OUTSIDE COVERED

CLEAR HEIGHT 21 FEET

2ND FLOOR OFFICE/MEZZANINE 4,659 SF

LOADING DOORS 2 GRADE LEVEL

PARKING 2.71/1,000 SF 75 SURFACE

YEAR BUILT 2002

CONSTRUCTION METAL

• Located 20 miles north of Houston, Texas, one of the largest metroplexes in the country and is home to countless Fortune 500 companies.

• The property has no zoning restrictions.

• The Spring, Texas area has seen an influx of new retail and residential development.

• The area is expected to see 1.38% population growth between 2018 and 2023.

• The median household income is $107,485, well above the national median household income of $58,000.

• 223 feet of frontage along I-45.

PROPERTY SUMMARY

INVESTMENT HIGHLIGHTS

• The economic base in the Spring, Texas CDP is primarily retail focused, accounting for 26% of the businesses in the area.

• Within one mile from the facility the median home value is $361,275 and 68.7% of those homes are owned.

• The daytime population within five miles of the facility is 89,335 workers with almost the same number of residents at 73,716.

• There was 2.2 million SF under construction as of 19Q4, ranking in the top five among Houston-area submarkets.

• High traffic count of 286,485 CPD on I-45.

AC

19075 NORTH FREEWAY

KingwoodDayton

LakeHouston

GalvestonBay

BushInternational

Airport

HobbyAirport

EllingtonAirport

TheWoodlands

Tomball

Cypress

KatyBaytown

Pasadena

Houston

Pearland

Sugar Land

RosenbergLeague

City

LOCATION MAP

19075 NORTH FREEWAY

45

SPRINGWOOD VILLAGE

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45

99

PROPERTY AERIAL

19075 NORTH FREEWAY

SITE PLAN

PROPERTY SURVEY

19075 NORTH FREEWAY

EXTERIOR PHOTOS

19075 NORTH FREEWAY

INTERIOR PHOTOS

19075 NORTH FREEWAY

INTERIOR PHOTOS

19075 NORTH FREEWAY

HOUSTON, TEXASHouston is one of the youngest, fastest-growing and most diverse populations anywhere in the world. People from across the globe relocate to Houston every year to take advantage of the abundant lifestyle and job opportunities the region provides.

Houston is America’s Most Diverse City, and our population is young and well-educated. Houston’s workforce boasts the highest concentration of STEM graduates in the country. The median age of Houstonians is 33 years old and is among the lowest of the nation’s major metro areas, and the percentage of college graduates living in Houston exceeds the U.S. and Texas average.

Houston also reaps the benefits of a distinctly business-friendly environment at state and local levels. Houston’s leadership has always had a positive attitude towards business growth. Costs of doing business are significantly lower than in other major metropolitan areas, and the state of Texas has one of the lowest tax burdens in the nation.

Houston and Texas have a pro-growth, pro-opportunity mindset. The Houston-The Woodlands-Sugar Land Metropolitan Statistical Area (MSA) is the nation’s fourth-largest city with an MSA of 6.9 Million. From ’10 to ’17, Houston added 972,000 new residents, a 16.4 percent increase, the fastest rate of population growth among the 10 most populous metros.

SPRING, TEXASThe Spring Census Designated Place (CDP) submarket is located 20 miles north of downtown Houston along Interstate 45. The submarket enjoys a close proximity to the Woodlands submarket and Houston market by Interstate 45. Current estimates place the population within the Spring CDP to be approximately 61,600 residents with roughly 20,000 households. Currently, the Spring-Klein area is undergoing tremendous growth due to recent infrastructure development along the Texas Grand Parkway (SH-99). The area has seen an influx of new retail and residential developments along the massive infrastructure project. The area is expected to see 1.38% population growth in the five-year period between 2018 and 2023. Currently the median household income is stated to be around $71,300, well above the national median household income of $58,000.  The economic base in the Spring CDP is primarily retail focused with the sector accounting for 26% of the businesses in the area. Legal services and construction account for the largest shares of employees at 17.8% and 14.5% respectively. The economy in Spring is partially bolstered by the economic activity within the Springwoods and Woodlands area, given their strong economic driving power as homes to major energy companies such as ExxonMobil and Anadarko Petroleum.  

MARKET OVERVIEW

19075 NORTH FREEWAY

DEMOGRAPHICS

ONE-MILE RADIUS

THREE-MILE RADIUS

FIVE-MILE RADIUS

PO

PU

LATI

ON

2019 Total Population 3,299 51,053 144,047

2019 Group Quarters 0 53 419

2024 Total Population 3,876 58,585 161,010

Growth 2019-2024 3.28% 2.79% 2.25%

2019 Total Daytime Population 12,576 89,656 163,051

Workers 10,820 63,048 89,335

Residents 1,756 26,608 73,716

HO

USE

HO

LDS

2019 Estimate 1,478 20,588 56,279

2019 Average Household Size 2.23 2.48 2.55

2024 Projection 1,728 23,638 62,912

2024 Average Household Size 2.24 2.48 2.55

Growth 2019 - 2024 3.17% 2.80% 2.25%

2019 Families 1,007 14,181 39,274

2019 Average Family Size 2.71 3.02 3.08

2024 Families 1,174 16,181 43,721

2024 Average Family Size 2.72 3.03 3.09

2019-2024 Annual Rate 3.12% 2.67% 2.17%

HO

USI

NG

UN

IT S

UM

MA

RY

2019 Housing Units 0.50% 0.90% 1.00%

Owner Occupied Housing Units 0.80% 1.10% 1.70%

Renter Occupied Housing Units 2.30% 4.50% 6.10%

Vacant Housing Units 12.40% 14.10% 15.20%

2024 Housing Units 11.10% 16.70% 17.70%

Owner Occupied Housing Units 10.80% 15.90% 14.60%

Renter Occupied Housing Units 19.80% 20.50% 18.90%

Vacant Housing Units 14.90% 9.40% 9.70%

Average Home Value $435,121 $375,995 $352,735

2019 Median Household Income $107,485 $103,025 $94,220

2024 Median Household Income $121,881 $110,095 $103,128

2019 Median Home Value $361,275 $289,812 $278,559

2024 Median Home Value $398,704 $321,323 $308,620

2019 Per Capita Income $68,090 $57,125 $50,272

2024 Per Capita Income $74,046 $61,766 $55,319

2019 Median Age 44.7 41.6 39.5

2024 Median Age 45.2 41.3 39.7

19075 NORTH FREEWAY

DEREK MYERSExecutive Managing Director713.599.5129dmyers@ngkf.com

PHILIP PRICEExecutive Managing Director713.599.5156pprice@ngkf.com

www.ngkf.com

The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

11-2-2015

TYPES OF REAL ESTATE LICENSE HOLDERS: A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): Put the interests of the client above all others, including the broker’s own interests; Inform the client of any material information about the property or transaction received by the broker; Answer the client’s questions and present any offer to or counter-offer from the client; and Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner's agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer's agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary: Must treat all parties to the transaction impartially and fairly; May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. Must not, unless specifically authorized in writing to do so by the party, disclose:

ᴑ that the owner will accept a price less than the written asking price;ᴑ that the buyer/tenant will pay a price greater than the price submitted in a written offer; andᴑ any confidential information or any other information that a party specifically instructs the broker in writing not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: The broker’s duties and responsibilities to you, and your obligations under the representation agreement. Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Information About Brokerage Services Texas law requires all real estate license holders to give the following information about

brokerage services to prospective buyers, tenants, sellers and landlords.

.

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov IABS 1-0

Date Buyer/Tenant/Seller/Landlord Initials

Sales Agent/Associate’s Name License No. Email Phone

Newmark Real Estate of Houston LLC 537005 713.626.8888

Arispah Hogan 342405 lhogan@ngkf.com 713.490.9994

Derek Myers dmyers@ngkf.com 713.599.5129659498

19075 NORTH FREEWAY