Shell (Timewise) – Grand Parkway and Boudreaux Road
NewQuest Properties is pleased to present the disposition of a brand-new 15-year corporate ground lease located in Spring, Texas (Houston MSA). The property is situated on the northwest corner of Grand Parkway and Boudreaux Road. The property benefits from combined daily traffic counts of 64,000+ VPD, exceptional demographics boasting a household income of $127,000 within 3-miles, and population growth of 30% since 2010. The 5,363-SF building is currently under construction with estimated completion by the end of Q3 2022. The offering features a brand new 15-year absolute net lease, zero landlord responsibilities, 10% escalations every 5 years, and (6) five-year options.