4301 Avenue S 2,100 SF 4-Star Retail Building Galveston, TX 77550 $350,000 ($166.67/SF) 5.73% Cap Rate
EXECUTIVE SUMMARY
Great NNN Investment with tenant in place. Bar Operator is currently in place with a lease through February 2027. The property was remodeled significantly from 2019-2023 including exterior siding and new hurricane rated roof in 2019, completely remodeled bathrooms and main area, new AC installed and tenant pays rent regularly. Only Landlord responsibility is Roof and Structure. Annual base rent is over $20k/year.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,100 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1961/2023
Price
$350,000
Price Per SF
$166.67
Cap Rate
5.73%
NOI
$20,051
Tenancy
Single
Building Height
1 Story
Building FAR
0.96
Lot Size
0.05 AC
Zoning
C - Retail Uses
Frontage
116’ on Avenue S
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3510-0157-1007-001 | Improvements Assessment | $133,701 |
| Land Assessment | $26,640 | Total Assessment | $160,341 |
