1851 Main StLeague City, TX 77573

Property Details for 1851 Main St

Year built

1965

Lot size

0.39 AC

Property size (Sq ft)

4,800 SF

Property type

Commercial real estate

APN

1935-0000-0031-013

APU

193500000031013

Description

This exceptional retail investment opportunity presents a newly painted, 4,616 square foot shopping center situated on a 0.4-acre lot at 1851 W Main St, League City, Texas, 77573. The property boasts a strong 8.35% cap rate and a Net Operating Income (NOI) of $111,811, with an asking price of $1,339,000 ($265.18/sq ft). Currently 100% occupied by four tenants under triple-net (NNN) leases, ensuring expense reimbursements. Rent bumps are included in the lease agreements. The property benefits from excellent visibility due to its Main Street frontage and proximity (approximately 0.16 miles) to Interstate 45. The area features dense residential neighborhoods and is surrounded by national retailers such as Starbucks, McDonald's, Walmart, Wendy's, and Taco Bell. League City exhibits significant residential growth, further enhancing the property's value. The property is zoned General Commercial and includes a billboard agreement generating an additional $9,600 annual income. This prime location offers easy access to major thoroughfares and benefits from the ongoing development of nearby attractions like the Flyway development, featuring a Great Wolf Lodge and various entertainment venues. The property's strong tenant base, favorable lease terms, and strategic location make it an attractive investment prospect. The Galveston County property features a Fee Simple ownership and APN 1935-0000-0031-013.

• Alternative Use

  Use

  Valuation

  Residential

  $1,125,212

  Hospitality

  $1,030,688

  Educational

  $857,520

  Medical

  $887,012

  Retail

  $1,333,920

Location Insight

City

League City

County

Galveston

State

Texas

Latitude

29.502

Longitude

-95.117

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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