Historical Retail Sale Listing - North Park Plaza

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North Park Plaza

3700 Texas Avenue, Bryan, TX 77802

N/A

30,200 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
30,200 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Additional Sub-types:
Restaurant
Free Standing Bldg
Neighborhood Center
Property Use Type:
Investment
Cap Rate:
9.56%
Occupancy:
95%
Tenancy:
Multiple
Lot Size:
160,490 SF
Listing ID
16157077
Last Updated
over 1 year ago

Highlights

  • Corporate Leases Include: Jackson Hewitt, Fred Loya Insurance, Sperion, Ace Cash Express
  • 95 Percent Occupied
  • 9.40 Percent CAP
  • Highly Traveled Road (24,000 + Cars Per Day)
  • One Mile From Texas A&M University
  • Located Next to Site For New Hooters

Description

Marcus & Millichap is pleased to offer for purchase a 30,200 square foot shopping center in Bryan, Texas. The subject property is located on the highly traveled Texas Avenue and sits on a 160,490 square foot lot. The center is also located next to what will soon be the first Hooters in the Bryan, College Station area. This pad site was originally in the plans for the development but was sold off to Hooters who plan to complete their construction within the year.

The subject property consists of two separate centers both facing Texas Avenue with entrances off of North Avenue, Dunn Street, as well as Texas Avenue. The property is currently 95 percent occupied with NNN leases in place, with the majority of the tenants having five year leases. The center has great frontage on Texas with good signage as well as ample parking. With Texas Avenue being one of the most traveled roads in Bryan, as well as being next to the site for the new Hooters, this center sees and will continue to see tremendous amounts of traffic. A new owner could expect little managementand receive a steady cash flow.

College Station/Bryan

Map of 3700 Texas Avenue, Bryan, TX 77802 (Brazos County)

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Created 3/20/2009