Gentry Square
$5,068,000
315-317 Gentry St, Spring, TX 77373
Cap Rate
7.40%
Square Feet
21243
Year Built/Renovated
1993/2025
INVESTMENT HIGHLIGHTS
• Destination Retail in Old Town Spring: Located in the heart of Old Town Spring, a regional shopping, dining, and tourism destination.
• Internet-resistant tenant mix with an average tenure of more than six years | $141,701 average household income within one mile
• Diversified Rent Roll With Value-Add Upside: 100 percent occupied by 18 tenants; no tenant exceeds 17 percent of GLA
• Average base rent of $23.12/SF | Tenants currently pay fixed additional rent, but lease agreements read as triple-net, giving a buyer the opportunity to implement expense reconciliations.
• Accessible Features for Tenants and Customers: Ample public parking available for customers, in addition to public bathrooms available for visitors. | Beautiful courtyard and street-front deck provide unique features that attract customers and tenancy resulting in consistently high occupancy and tenured tenants.
PROPERTY DESCRIPTION
Marcus & Millichap is pleased to exclusively offer for sale Gentry Square, a 21,243-square-foot, 100 percent occupied multi-tenant retail center at 315-317 Gentry Street in Spring, Texas. Built in 1993 and renovated during 2024 and 2025, the property sits on 0.87 acres in Old Town Spring, the area’s established shopping and dining destination. It is surrounded by local boutiques, restaurants, and specialty retailers that draw visitors from across North Houston.
The center has an eclectic, highly diversified rent roll of 18 tenants across 19 spaces. No single tenant occupies more than 17 percent of GLA. Tenancy has proven durable: six tenants, occupying more than forty percent of the center, have been in place since 2020 or earlier. The property retained its tenants and increased rents through the COVID-19 pandemic. Average tenure across the rent roll is approximately six years, led by Emmy Sweet Candy, a tenant since 2001.
Gentry Square is well connected to the region. It is minutes from Interstate 45 (160,956 VPD) and the Hardy Toll Road (64,492 VPD), 4 miles from The Woodlands and the ExxonMobil campus, and 13 miles from George Bush Intercontinental Airport. Households within one mile have an average income of $141,701, and the 5-mile population of nearly 260,000 is projected to grow 5.76 percent by 2030.
Gentry Square is offered at $5,068,000 ($239/SF), representing a 7.40 percent cap rate on in-place NOI of $374,960.
Gus N. Lagos
SENIOR MANAGING DIRECTOR INVESTMENTS
713-452-4257
Alex Wolansky, CCIM
MANAGING DIRECTOR INVESTMENTS
713-452-4292
