300 Tx-332 - Storefront FOR SALE


Lake Jackson, TX 77566
$5,997,000 USD
713-459-1333
300 Tx-332, Lake Jackson, TX for Sale
$5,997,000 USD
Storefront - FOR SALE
1/4
null | 6.5% Cap Rate

300 Tx-332
Lake Jackson, TX 77566


HIGHLIGHTS

  • New, Long-Term Leases With Multiple National, Credit Tenants (PNC Bank, Aspen Dental, T-Mobile, and Jersey Mike’s)
  • Outparcel to Lowe’s and Directly Across from Brazos Mall (3.5M Annual Visits)
  • Dominant Retail Corridor: Neighbors With Walmart, Home Depot, Best Buy, Target, and Academy
  • Located at Signalized Intersection of TX-332 and TX-288/Nolan Ryan Expressway, Which Sees Approximately 50,000 Vehicles Per Day
  • Lake Jackson Serves as the Retail and Medical Hub for Brazoria County, With a Growing Population and Strong Household Incomes

OVERVIEW

Marcus & Millichap is pleased to exclusively market for sale 300 Texas Highway 332, a 10,000-square-foot multi-tenant retail center located in Lake Jackson, Texas. The subject property is offered for $5,997,000, at a 6.50 percent cap rate. This offering presents an opportunity for an investor to acquire a Class A, tilt-up strip center, anchored by four creditworthy national tenants on long-term NNN leases: PNC Bank recently executed a new 15-year lease commencing June 2025; Aspen Dental executed a new 10-year lease commencing September 2024; and a national restaurant has a pending fresh 10-year lease. The property is situated at the signalized intersection of TX-332 and TX-288 / Nolan Ryan Expressway, which together see approximately 50,000 vehicles per day. The property is an outparcel to Lowe’s and sits directly across from Brazos Mall, which draws 3.5 million annual visits, as well as Walmart, Home Depot, Best Buy, Target, Academy Sports + Outdoors, Hobby Lobby, Burlington, Dollar Tree, Chick-fil-A, Chili’s, and a deep lineup of national restaurant and service tenants. Lake Jackson serves as the retail and medical hub for Brazoria County. Average household incomes exceed $117,000 within three miles.

FOR SALE DETAILS

PRICE

$5,997,000 USD

PRICE/SF

$600 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

300 Texas Highway 332

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

COM

APN/PARCEL ID

6341-0001-001

ASK ABOUT THIS PROPERTY

Gus LagosMarcus & MillichapMore Info
713-459-1333

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Gus LagosMarcus & MillichapMore Info
713-459-1333

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