502 This Way - Retail FOR SALE


Lake Jackson, TX 77566
$1,976,835 USD
818-284-3022
502 This Way, Lake Jackson, TX for Sale
$1,976,835 USD
Retail - FOR SALE
1/5
null | 6.35% Cap Rate

502 This Way
Lake Jackson, TX 77566


HIGHLIGHTS

  • Upside in renting out last vacancy
  • Property sits across from DOW Chemical
  • 60+% of GLA are national brands, anchored by Davita, First Franklin Financial, and Acrisure
  • Roof Replaced in 2016
  • Property sits on Signalized Hard Corner
  • Adjoining vacant land available for purchase [potential expansion] for $295,000

OVERVIEW

Located at 504 This Way in Lake Jackson, Texas, this 10,876 SF shopping center presents an attractive investment opportunity in a well-established and economically diverse market. Positioned on a signalized hard corner directly across from Dow Chemical, one of the region’s largest economic drivers, the property benefits from excellent visibility, accessibility, and a strong surrounding employment base. The property is strategically located just off Highway 288, with approximately 22,000+ vehicles per day (VPD) traveling along This Way. Its prominent corner position provides convenient access for both local residents and the substantial workforce employed throughout the Lake Jackson trade area. Lake Jackson benefits from its location within Brazoria County, while remaining within easy reach of the greater Houston metropolitan area. The community is supported by a stable employment base led by major employers such as Dow Chemical, creating consistent demand from residents, professionals, and surrounding businesses. The property features a strong tenant profile, with more than 60% of the GLA occupied by national brands, including DaVita, First Franklin Financial, and Acrisure. All leases are structured on a triple-net (NNN) basis, providing investors with a favorable expense structure. The property also offers a clear path to additional value through the lease-up of the remaining vacancy, with the potential to increase cash flow and drive the property toward an 8%+ pro forma capitalization rate.

FOR SALE DETAILS

PRICE

$1,976,835 USD

PRICE/SF

$186 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Abner Way Shopping Center

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

-

APN/PARCEL ID

7133-0007-110,7133-0007-113

ASK ABOUT THIS PROPERTY

David ChalemDMC Real EstateMore Info
818-284-3022

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David ChalemDMC Real EstateMore Info
818-284-3022

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