For Sale
$1,050,000

1301 Sandy LnBaytown, TX 77520

Fully renovated, 100% occupied retail mall

Overview

Added:
Dec 11, 2024
Days on market:
117
This 12,900 square foot, single-story Class B shopping center in Baytown, TX, presents a compelling investment opportunity. Located at 1301 Sandy Ln (APN 0410740030085), this stabilized property boasts seven credit-rated tenants under NNN leases with a remaining term of four years (five-year initial term). The property features 12 units, 45 parking spaces, and a diverse tenant mix including a church and event center. Built in 1970 and fully renovated in 2022, the center enjoys 100% occupancy as of November 1, 2023, generating a Net Operating Income (NOI) of $104,040 and an 8.67% cap rate. The asking price is $1,050,000. Rent bumps are included in the lease agreements. This prime location in Harris County offers high visibility and significant foot traffic, making it an ideal investment for long-term growth and profitability. The property's strong tenant base, attractive cap rate, and recent renovations make it a highly desirable asset in the thriving Baytown market. This is a full ownership opportunity.

Highlights

  • $1,050,000 asking price for a stabilized, Class B, 12,900 SF shopping center in Baytown, TX.
  • NNN lease structure with 7 credit-rated tenants.
  • 100% occupancy with a 4-year remaining lease term (5-year initial term), generating $104,040 in NOI and an 8.67% cap rate.
  • Fully renovated in 2022, the single-story, 1970-built property features 12 units, 45 parking spaces, and rent bumps.
  • Located at 1301 Sandy Ln, Baytown, TX 77520 (APN: 0410740030085).

Property Details for 1301 Sandy Ln

Property type
Lifestyle centers, Power centers
Square Feet
12,900 SF
Class
B
Year Built/Renovated
1970/2022
Buildings
1
Stories
1
Units
12

Location Insight

City
Baytown
County
Harris
State
Texas
Latitude
29.748808634817
Longitude
-94.947589356206
1301 Sandy Ln, Baytown, Texas

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1301 Sandy Ln
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