1120 Grand Oak BlvdLeague City, TX 77573

Property Details for 1120 Grand Oak Blvd

Year built

2023

Lot size

1.65 AC

Property size (Sq ft)

15,000 SF

Property type

Retail properties

Property subtype

Office properties

Description

This exceptional investment opportunity presents a 15,000 square foot, Class A mixed-use property in League City, Texas. The stabilized investment boasts two buildings on 1.65 acres, featuring 4 units with 83% occupancy as of February 1, 2024. The property, built in 2023, offers a Net Operating Income (NOI) of $446,988, resulting in a 7.45% capitalization rate. Located at 1120 Grand Oak Blvd, in Galveston County, zip code 77573, this prime retail space is situated in a high-traffic area with over 120,000 cars passing daily. The property benefits from its location within the Grand Oak Village development, offering strong co-tenancy and excellent visibility. The General Commercial zoning allows for flexibility, and the property's location near I-45 ensures easy accessibility. The asking price is $6,000,000, representing a price per square foot of $400. This is a compelling opportunity to acquire a high-performing asset in a rapidly growing market. The property's strong performance and location make it an attractive investment for discerning buyers. The average household income in the area is substantial, supporting a robust customer base. The site benefits from off-site detention and landscaping improvements by TxDOT, enhancing its curb appeal. This is a rare chance to acquire a well-positioned, high-performing asset in a thriving Texas market.

Location Insight

City

League City

County

Galveston

State

Texas

Latitude

29.4917

Longitude

-95.1049

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