West Main Retail Center - FM 518 | 1845-1857 W Main St
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West Main Retail Center - FM 518 1845-1857 W Main St
4,616 SF 100% Leased Retail Building League City, TX 77573 $1,339,000 ($290/SF) 8.35% Cap Rate
Investment Highlights
- Excellent Visibility: Frontage on Main Street | Located Approximately 0.16 Miles from Gulf Freeway (Interstate 45)
- Dense Residential Area
- Newly Painted
- NNN Tenants: 100 Percent Reimbursable Expenses
- Located Near Starbucks l Other National Retailers Nearby
- Zoned General Commercial
Executive Summary
• Excellent Visibility: Frontage on Main Street
• Located Approximately 0.16 Miles from Gulf Freeway (Interstate 45)
• NNN Tenants: 100 Percent Reimbursable Expenses
• Dense Residential Area
• Located Near Starbucks l Other National Retailers Nearby
• Newly Painted
• Zoned General Commercial
• Located Approximately 0.16 Miles from Gulf Freeway (Interstate 45)
• NNN Tenants: 100 Percent Reimbursable Expenses
• Dense Residential Area
• Located Near Starbucks l Other National Retailers Nearby
• Newly Painted
• Zoned General Commercial
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,616 SF
Building Class
C
Year Built
1965
Price
$1,339,000
Price Per SF
$290
Cap Rate
8.35%
NOI
$111,811
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Land Acres
0.40 AC
Parking
22 Spaces (4.77 Spaces per 1,000 SF Leased)
Frontage
113 FT on W Main St
Amenities
- Pylon Sign
- Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Discount Mini Mart
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Martin's Barber & Stylist
- Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Discount Mini Mart | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Martin's Barber & Stylist | Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score ®
Very Walkable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1935-0000-0031-013 | Improvements Assessment | $83,480 |
| Land Assessment | $484,520 | Total Assessment | $568,000 |
PROPERTY TAXES
Parcel Number
1935-0000-0031-013
Land Assessment
$484,520
Improvements Assessment
$83,480
Total Assessment
$568,000
-
Gus Lagos -
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Marcus & Millichap
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West Main Retail Center - FM 518 | 1845-1857 W Main St
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