713-515-1367
3602 Houston Hwy, Victoria, TX for Sale
Storefront - FOR SALE
1/5
null | Request Cap Rate

3602 Houston Hwy
Victoria, TX 77901


HIGHLIGHTS

  • Value-Add Potential Through Leasing Vacancies and Raising Below Market Rents or Converting Gross Leases to Triple-Net Leases
  • Located at Signalized, Hard Corner of Two Major Thoroughfares
  • Prime Location Near Walmart Supercenter, University of Houston-Victoria, and Citizens Medical Center
  • Proximity to Nearby Retailers, Including Starbucks, Whataburger, and Dollar Tree
  • Long Term Lease: China Inn Restaurant, who occupies the elbow space, originally commenced in 1994.
  • Increased Foot Traffic From Two Fuel Pumps

OVERVIEW

Marcus & Millichap is pleased to exclusively offer for sale Tanglewood Square, a 11,940-square-foot shopping center located at the signalized, hard corner of Houston Highway (US-59T) and Sam Houston Drive. Tanglewood Square is 83 percent occupied. An investor could add value by leasing the two vacant units and raising below market rents or converting gross leases to triple-net leases. The property is in a strategic location near a newly constructed Walmart Supercenter, University of Houston-Victoria, and Citizens Medical Center. Nearby retailers include Starbucks, Whataburger, and Dollar Tree. Please contact broker for pricing.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tanglewood Square

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,855 SF

ZONING

-

APN/PARCEL ID

53820-001-00100

ASK ABOUT THIS PROPERTY

Scott JonesMarcus & MillichapMore Info
713-515-1367

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

Scott JonesMarcus & MillichapMore Info
713-515-1367

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