2326 61st St
Galveston, TX 77551
Bayou Shore
HIGHLIGHTS
- Absolute NNN Lease – Zero landlord responsibilities, offering a fully passive, management-free investment
- Tax-Free Income State – Texas has no state income tax, allowing investors to maximize after-tax return
- Long-Term Security – Over 16 years remaining on the initial lease term, providing stable and predictable cash flow
- High-Performing Location – Ranked in the 72nd percentile in Texas and 66th percentile nationally by Placer
- Prototypical Design – Drive-thru equipped positioned on a hardcorner, signalized intersection with five points of ingress/egress
- Investment-Grade Credit – Backed by a corporate tenant with an S&P “BBB+” rating
FOR SALE DETAILS
PRICE
$7,818,181 USD
PRICE/SF
$566 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
68
LAND DETAILS
LAND ACRES
1.36 AC
LAND SF
59,242 SF
ZONING
R
APN/PARCEL ID
6741-0001-0001-000
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
248-702-0288
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
248-702-0288
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
