Primary Retail Development Site | 2202 S Market St
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Primary Retail Development Site 2202 S Market St
57,135 SF Retail Building Brenham, TX 77833 $2,500,000 ($44/SF) 2.64% Cap Rate
Investment Highlights
- 6.78 Acres on Major Retail Thoroughfare
- Recently Replaced TPO Roof
- Priced Below Replacement Cost: $44 Per Square Foot
- Ability to Develop Multiple Pad Sites
- Significant Upside By Leasing Existing Building
- Major Residential and Retail Growth in Brenham
Executive Summary
• 6.78 Acres on Major Retail Thoroughfare
• Ability to Develop Multiple Pad Sites
• Recently Replaced TPO Roof
• Significant Upside By Leasing Existing Building
• Priced Below Replacement Cost: $44 Per Square Foot
• Major Residential and Retail Growth in Brenham
• Ability to Develop Multiple Pad Sites
• Recently Replaced TPO Roof
• Significant Upside By Leasing Existing Building
• Priced Below Replacement Cost: $44 Per Square Foot
• Major Residential and Retail Growth in Brenham
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 or Owner User
Property Type
Retail
Property Subtype
Building Size
57,135 SF
Building Class
C
Year Built
1983
Price
$2,500,000
Price Per SF
$44
Cap Rate
2.64%
NOI
$66,000
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Land Acres
6.78 AC
Zoning
None
Parking
444 Spaces (4.21 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Rodeo Bingo
- Arts, Entertainment, and Recreation
-
99,999 SF
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Rodeo Bingo | Arts, Entertainment, and Recreation | 99,999 SF | - | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R19989 | Improvements Assessment | $785,140 |
| Land Assessment | $590,500 | Total Assessment | $1,375,640 |
PROPERTY TAXES
Parcel Number
R19989
Land Assessment
$590,500
Improvements Assessment
$785,140
Total Assessment
$1,375,640
-
Gus Lagos -
Alex Wolansky, CCIM -
Marcus & Millichap
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Primary Retail Development Site | 2202 S Market St
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