1468 S Bypass 35 Hwy - Storefront FOR SALE
Alvin, TX 77511 |
$6,262,000 USD
737-205-2056
1468 S Bypass 35 Hwy
Alvin, TX 77511
HIGHLIGHTS
- High-quality new construction in 2021.
- Fully leased to tenants on long-term leases (WALT approximately 8 years).
- Area retailers include Walmart Supercenter, Home Depot, Starbucks, Chick-fil-A, and Buc-ee's.
- Alvin is just 30 miles south of Houston & 15 miles west of League City. Alvin has experienced annual population growth of 1.72% over the last 10 years
- The site benefits from over 25k population and above average HH income of $81k within a 3 mile radius.
- Alvin offers a robust employment base including; Alvin Independent School District (4,074 employees), Rice-Tec (1,166 employees), etc.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 15,032 SF Alvin Plaza, located at 1468 S Bypass 35 Highway in Alvin, TX. This offering features a high-quality, newly constructed retail center delivered in 2021 and fully leased to a diverse mix of tenants on long-term agreements, with a weighted average lease term of approximately 8 years.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
FOR SALE DETAILS
PRICE
$6,262,000 USD
PRICE/SF
$417 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Alvin Plaza - Alvin TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Storefront Retail/Office, Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2021
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
CROSS STREETS
146485
LAND ACRES
-
LAND SF
-
ZONING
None
APN/PARCEL ID
0421-0022-000
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737-205-2056
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737-205-2056
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