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