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Aspen Dental & McAlister's Deli 1300 E Highway 6

6,487 SF Retail Building Alvin, TX 77511 $4,200,000 ($647/SF)

Investment Highlights

  • TRUE HANDS-OFF INVESTMENT OPPORTUNITY - Minimal management required for small 2-tenant center with long-term quality credit leases
  • QUALITY CREDIT TENANCY ON NEW LONG-TERM LEASES - Aspen Dental recently commenced on 10-year lease, McAlister's to commence on 10-year lease in 2024
  • 9.4% Projected Population Growth Over the Next 5 Years | $106,000 Average Household Income | 2,000+ Households Delivered/Planned in the Next Year
  • BRAND NEW, CLASS A RETAIL CENTER - Center underwent a complete redevelopment in 2023 with new roof, slab expansion, plumbing, electric, and waterline
  • STRONG POSITIONING NEAR THE MAIN & MAIN INTERSECTION OF THE ALVIN MARKET - Located in the path of explosive growth on the west side of Highway 35

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,487 SF
Building Class
C
Year Built
1999
Price
$4,200,000
Price Per SF
$647
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Land Acres
1.27 AC
Opportunity Zone
Yes
Zoning
F1 - No zoning in the City of Alvin
Parking
74 Spaces (11.41 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3710-0001-000
Land Assessment
$590,190
Improvements Assessment
$1,106,170
Total Assessment
$1,696,360
  • Listing ID: 33220850

  • Date on Market: 9/18/2024

  • Last Updated:

  • Address: 1300 E Highway 6, Alvin, TX 77511

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