Multi-Tenant    

Five Points Retail Center

 League City, TX

Asking Price

$3,690,000

Cap Rate | Proforma

6.43% | 9.61%

rent-white

Potential Added Value

Significant Upside

calendar-lease-white

Average Lease Term

6.69 Years

Icons-Tenant

Tenants are

Service-Oriented

Icon-Traffic-light-signal

Signalized Intersection

+80K VPD Combined

Icons_Population-Icon

Solid Demographics

+200k Pop (5-Mi)

For more details on this exclusive listing

By submitting the form, you agree to the terms and conditions of our Confidential Disclaimer.

INVESTMENT HIGHLIGHTS

  • Seller Has Invested Over $750K in Renovations / Improvements to the Property Since 2019 Including a New Roof (15 Years of Warranty Remaining), Interior Demo and Reconfiguration, New Flooring, Wood Deck and Metal Stairs, Ceilings, Doors, Painting and More
  • Potential Added Value of Leasing the Vacant Space With Proforma Cap Rate at or Above 9.6% 
  • Over 6.69 Years of Weighted Average Lease Term Remaining With All Leases Not Expiring Until 2027 or Later
  • Anchored by Frost Bank (Almost 200 Locations in TX / In Business Since 1868)
  • Other Tenants Include Goodwill (3,300 stores in North America), Flawless Diamonds (in business since 2016) and Pauline's Donuts (Locally Owned / Personal Guaranty)
  • Excellent Visibility, Located at the Intersection of Three Roads With Over 80K Combined Cars per Day
  • Solid Demographics with Affluent Customers, Over 200K Population and Over $120K Average Household Income within 5 Miles
  • Nearby to Other National Tenants, Including Kroger, Chase Bank, Whataburger, Starbucks and More

Exclusively Listed By

Riley Sharman

Vice President
  rsharman@northmarq.com      832.497.2558
TX Lic #781579

Brian Lane

Senior Associate
  blane@northmarq.com   

In Association With
Jim Gibson

TX Lic. # 392926

Northmarq

One Riverway Drive, Suite 1600
Houston, TX 77056


northmarq.com