2750 W Main St - Fast Food FOR SALE


League City, TX 77573
$3,127,000 USD
713-775-8899
2750 W Main St, League City, TX for Sale
$3,127,000 USD
Fast Food - FOR SALE
1/6
null | 6.75% Cap Rate

2750 W Main St
League City, TX 77573


HIGHLIGHTS

  • Majority-Occupied by Dental Practice Owned and Backed by Private Equity Guarantee
  • Diversified Tenant Mix
  • High-Income Location: $133,000 Average Household Income Within One and Three Miles
  • Strong Neighborhood and Commuter Location: West Main Street Sees Approximately 30,000 Vehicles Per Day

OVERVIEW

Marcus & Millichap is pleased to exclusively market for sale The Plaza at Amber Lane, a 7,980-square-foot shopping center, located at 2750 West Main Street in League City, Texas. The Plaza at Amber Lane is offered for $3,127,000, at a 6.75 percent cap rate. This offering presents an opportunity for an investor to purchase a property that is majority-occupied by Guided Practice Solutions, a private equity conglomerate of 100+ dental practices nationwide, operating as New Teeth in the subject property. New Teeth occupies 66 percent of the property. The remaining tenancy includes Edward Jones, a dry cleaner drop-off location, and an office-user. An investor benefits by having the diversification of multiple tenants, while minimizing risk through a large, creditworthy anchor tenant. The Plaza at Amber Lane is situated in an attractive location, featuring average household incomes of $133,000 within one and three miles. Its location on West Main Street benefits from serving as a neighborhood retail/medical center, while also serving commuters who live west of the subject property and drive past the retail center to access Interstate 45, located just east of the property. West Main Street sees approximately 30,000 vehicles per day. Nearby retailers include Walmart, Auto Zone, Pizza Hut, McDonalds, Wendy’s, and Amegy Bank.

FOR SALE DETAILS

PRICE

$3,127,000 USD

PRICE/SF

$392 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Plaza at Amber Lane

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

C

APN/PARCEL ID

2961-0000-0000-002

ASK ABOUT THIS PROPERTY

Alex Wolansky, CCIMMarcus & MillichapMore Info
713-775-8899

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Alex Wolansky, CCIMMarcus & MillichapMore Info
713-775-8899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.