ALDI Texas 288 Frontage Rd, Lake Jackson

Texas 288 Frontage Rd, Lake Jackson

Price: $4613000
Cap Rate: 5.35%
NOI: $246,750
Building Size: Approx. 23500 Sq. Ft.
Lot Size: Approx. 1.93 Acres
Type: Single-Tenant / Retail
Sub Category: Anchor
Year Built / Renovated: 1997 / 2016

Investment Overview

  • 23,500+/- SF Building on 1.93+/- Acre Site
  • New 10-Yr, Corp Lease beginning September 2016
  • Located along Highway 288 (42,000 VPD) & This Way St (21,600 VPD)
  • Near Lowe’s, IHOP, Home Depot, Whataburger, Best Buy, Walmart, Chili’s
  • .3-Miles N of DOW Chemical (2,000 Employees) | .8-Miles S Brazos Mall (682,831 SF)
  • Investing in County: Tenaris Steel Plant ($1.5B), Phillips 66($3B), Chevron($6B), DOW ($4B)
  • 2-Mile Radius: Projected Population growth 2.5% 2015-2020 l 3-Mile Average HH Income:  $82,756
  • Lake Jackson is located 50-Miles S of Houston | 45-Miles SW of Galveston | 8-Miles N of Gulf of Mexico
  • Houston – Sugar Land – Baytown MSA: 5th Largest MSA in the US & 2nd in Texas | Population: 6,490,180

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