713-800-2709
457-491 This Way St, Lake Jackson, TX for Sale
Medical - FOR SALE
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457-491 This Way St
Lake Jackson, TX 77566


OVERVIEW

Constructed in 1986, and renovated in 2023, Plantation Village Plaza consists of a 36,962 square foot retail service center, situated on approximately 2.78 acres of land at the southwest quadrant of State Highway 288 (aka Nolan Ryan Expressway) and This Way Street, at the signalized intersection of Abner Jackson Parkway, near the heart of Lake Jackson’s business district. Strategically located just south of Brazos Mall and adjacent to Dow Chemical’s R&D facility (2,000+ employees), as well as being surrounded by numerous national, regional and local businesses, the Property enjoys excellent visibility, exposure and easy access. Most leases are “Triple Net,” with respective tenants being responsible for their own utilities and HVAC systems as well as most other common area charges, including management fees. The tilt-wall constructed building features typical bay depths of 75-82’ and ample parking (177 spaces). Plantation Village Plaza features a strong mix of national, regional and local tenants, five of which have been occupants for greater than 8 years. The Building is currently 100% leased by 13 medical and professional tenants, including Jacobs Engineering, Retina Clinics of Texas, USA Army Corps of Engineers, State of Texas Health and Human Services, Farmers Insurance and Coastland Therapy. Tenants have staggered lease expiration dates, with most having annual rent increases, providing prospective purchasers tenant stability and natural income growth. Plantation Village Plaza was renovated in late 2023, including a new twenty-year TPO roof, building painting and repairs, parking lot and sidewalk repairs, cleaning and striping, as well as new handicap ramps, and landscaping updates. Additionally, a new multi-tenant monument sign was constructed in 2025. Lake Jackson was built in the early 1940s as a planned community, designed by Alden B. Dow of Midland, Michigan, for workers in support of a new plant of the Dow Chemical Company, which his father owned. The City is located in south-central Brazoria County, and is bordered to the east by the cities of Clute and Richwood, and to the southwest by the Brazos River. Texas State Highway 288 runs through the city, leading 10 miles north to Angleton, the county seat, 52 miles north to downtown Houston, and 9 miles southeast to Freeport on the Gulf of Mexico. Brazoria County (“Where Texas Began”) provides a low cost of living, mild climate, and plenty of activities year-round add up to the biggest advantage of all: an extremely high quality of life. Excellent infrastructure, including major highways, 2 airports, a major industrial port, a highly ranked (amongst Texas community colleges) Brazosport College, multiple school districts, full-services hospitals, a highly skilled and productive workforce, and County leadership that strongly encourages and supports local economic growth from new and existing investments, give way to a successful, business-friendly environment.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plantation Village Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

177

LAND DETAILS

LAND ACRES

2.78 AC

LAND SF

121,097 SF

ZONING

-

APN/PARCEL ID

7133-0004-000,7133-0004-111

ASK ABOUT THIS PROPERTY

David WerlinWPW Management CorporationMore Info
713-800-2709

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David WerlinWPW Management CorporationMore Info
713-800-2709

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