4500 7Th StBay City, TX 77414

Property Details for 4500 7Th St

Year built

2008

Lot size

2.81 AC

Property size (Sq ft)

23,120 SF

Property type

Commercial real estate

APN

20211

APU

20211

Description

This 23,084 square-foot shopping center in Bay City, Texas, presents a compelling investment opportunity. Built in 2008 and situated on a 2.81-acre lot, the property boasts 9 tenants under triple-net (NNN) leases, achieving 100% occupancy and generating a strong NOI of $363,454, representing an 8.00% cap rate. The center is shadow-anchored by a Walmart Supercenter and benefits from high daily traffic counts exceeding 21,767 vehicles on State Highway 35 (7th Street). A significant portion (67%) of the gross leasable area is occupied by national credit tenants, including Hibbett Sporting Goods and Cato, providing stability and strong cash flow. The tenant mix features a complementary blend of largely internet-resistant and service-oriented businesses. The property's location near numerous national and regional retailers and hotels further enhances its appeal. Average household incomes within a five-mile radius consistently exceed $70,000, indicating a robust consumer base. The asking price is $4,543,175, translating to $196.81 per square foot. This well-positioned, high-performing retail center offers a secure and profitable investment prospect.

Location Insight

City

Bay City

County

Matagorda

State

Texas

Latitude

28.9841

Longitude

-95.9365

CBSA code

13060

CBSA name

BAY CITY, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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