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Garth Road Shopping Center 3000-3010 Garth Rd
4,800 SF 75% Leased Retail Building Baytown, TX 77521 $1,299,000 ($271/SF) 7.71% Cap Rate
Investment Highlights
- Multiple Access Points
- NNN Tenants: 100 Percent Reimbursable Expenses
- Easy Access to North Highway 146
- Hard Corner
- Option to Assume Loan at 5.875 Interest Rate
Executive Summary
The subject property is 100 percent occupied, accommodating four tenants. Twenty-five percent of the center is leased by Ace Cash Express. All tenant leases are triple-net, protecting an investor from possible increases in future expenses. An investor has the option to assume a pre-existing loan at an interest rate of 5.875 percent. Said interest rate will be reset after approximately four years. There is no pre-payment penalty if the rate adjustment is unfavorable and not accepted by the borrower. The assumable loan interest rate is well below the current market rate, increasing the profitability of the property.
Creekwood/Glen Arbor neighborhood is located behind Garth Road Shopping Center. Additionally, two large medical offices are located across the street. North Highway 146 is easily accessible, being 0.2 miles away from the property.
Major employers in the area are the ExxonMobil Refinery, Chevron Phillips Chemical Company, Bayer Material Science Company, San Jacinto Methodist Hospital, Lee College, a Walmart Distribution Center, and a Home Depot Distribution Center.
Baytown boasts a growing economy and significance as a regional trade area. Its industrial base includes many internationally known companies in oil refining, rubber, chemical and plastics. Employers include Exxon/Mobil Baytown Refinery, ExxonMobil Chemical, Exxon/Mobil Baytown, Olefins, Chevron Phillips Chemical, Bayer Baytown Industrial Park, Koppel Steel, Jindal Steel, and Exxon/Mobil Basic Chemicals.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
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-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) 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
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Laura's Great Cuts
- Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Laura's Great Cuts | Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Property Description Discover a prime leasing opportunity at this versatile property strategically located for high visibility. The property offers convenient accessibility for both customers and employees, while boasting a well-maintained, spacious interior. With a customizable layout to suit various business needs, businesses have the flexibility to shape the space to their requirements. Additionally, the property provides ample parking for both customers and employees, along with modern amenities for business comfort. This property presents a prime opportunity for businesses looking to establish or expand their presence in Baytown, offering a versatile space in an ideal location for fostering business growth and success. Location Description The area surrounding Garth Lane Center presents an exciting opportunity for retail and street retail tenants. Nearby points of interest such as San Jacinto Mall and the Baytown Plaza offer a diverse selection of shopping and dining options, attracting a steady flow of local residents and visitors. The strong community spirit and accessibility to major roadways ensure a consistent flow of potential customers for retail businesses. Additionally, the presence of well-established local businesses and national retailers adds to the area's vibrancy, making it an attractive location for retail and street retail endeavors. Embrace the chance to lease space in this dynamic environment and position your business for success in the bustling Houston market.
| Space | Size | Space Use | Position | Available |
| Ground | 1,200 SF | Retail | In-Line | Now |
Ground
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Ground
| Size | 1,200 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Property Description Discover a prime leasing opportunity at this versatile property strategically located for high visibility. The property offers convenient accessibility for both customers and employees, while boasting a well-maintained, spacious interior. With a customizable layout to suit various business needs, businesses have the flexibility to shape the space to their requirements. Additionally, the property provides ample parking for both customers and employees, along with modern amenities for business comfort. This property presents a prime opportunity for businesses looking to establish or expand their presence in Baytown, offering a versatile space in an ideal location for fostering business growth and success. Location Description The area surrounding Garth Lane Center presents an exciting opportunity for retail and street retail tenants. Nearby points of interest such as San Jacinto Mall and the Baytown Plaza offer a diverse selection of shopping and dining options, attracting a steady flow of local residents and visitors. The strong community spirit and accessibility to major roadways ensure a consistent flow of potential customers for retail businesses. Additionally, the presence of well-established local businesses and national retailers adds to the area's vibrancy, making it an attractive location for retail and street retail endeavors. Embrace the chance to lease space in this dynamic environment and position your business for success in the bustling Houston market.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0451440020017 | Improvements Assessment | $362,194 (2023) |
| Land Assessment | $223,461 (2023) | Total Assessment | $585,655 (2023) |
PROPERTY TAXES
Presented by
Garth Road Shopping Center | 3000-3010 Garth Rd
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