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Crossroads Center 1901-2403 E Red River St 42,318 SF 72% Leased Retail Building Victoria, TX 77901 For Sale
INVESTMENT HIGHLIGHTS
- Hard corner, lighted intersection shadow-anchored by Texas A&M University - Victoria and Victoria College.
- 28% of the shopping center is leased to tenants who have occupied space at the property for more than 20 years.
- 635 feet of frontage on E. Red River and 200 feet of frontage on N. Ben Jordan.
- Provides new ownership the ability to increase rents.
EXECUTIVE SUMMARY
CBRE’s Investment Properties Team has been exclusively retained to offer for sale Crossroads Center (“the Property”), a 42,318-sf shopping center that is 72% leased in Victoria, TX. The Property is located on the signalized intersection of Red River St. and Ben Jordan St., caddie corner to Victoria College and Texas A&M University Victoria. Victoria is located halfway between Houston and Corpus Christi along the Texas coast and only two hours southeast of San Antonio.
Crossroads Center is an opportunity to purchase a college anchored shopping center well below replacement cost with significant upside. The Property has many tenants on short term leases with below market rental rates providing a new owner with the opportunity to significantly increase the properties cash flow and value. In addition, Crossroads has a well-diversified rent roll with no tenant occupying more than 15% of the center, with Texas Workforce Commission being the largest tenant.
Crossroads Center is an opportunity to purchase a college anchored shopping center well below replacement cost with significant upside. The Property has many tenants on short term leases with below market rental rates providing a new owner with the opportunity to significantly increase the properties cash flow and value. In addition, Crossroads has a well-diversified rent roll with no tenant occupying more than 15% of the center, with Texas Workforce Commission being the largest tenant.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
42,318 SF
Building Class
C
Year Built
1979
Percent Leased
72%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.26
Lot Size
3.71 AC
Zoning
Shopping Center - Commercial
Parking
126 Spaces (2.98 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Banking
- Bus Line
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Day N Night MedicalSupply
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Elite Fitness
- -
- -
- -
-
Lorem Ipsum
-
Jan 0000
- Journey Church
- Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
-
- Services
- -
- -
-
Lorem Ipsum
-
Jan 0000
Welcome to Liberty Church! They are so glad you are here to check out all that they offer. Liberty, established in 1964, is a diverse, life giving church community with 6 campuses across the region!
- My Little Munchkins
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Trinity Sports Cards
- -
- -
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Day N Night MedicalSupply | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Elite Fitness | - | - | - | Lorem Ipsum | Jan 0000 | |
| Journey Church | Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
|
Services | - | - | Lorem Ipsum | Jan 0000 | |
| My Little Munchkins | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Trinity Sports Cards | - | - | - | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 02
- 1,220 SF
- Retail
- -
- Now
- 03
- 1,220 SF
- Retail
- -
- Now
- 07
- 1,920 SF
- Retail
- -
- Now
- 08
- 1,860 SF
- Restaurant
- -
- Now
- 12
- 1,876 SF
- Retail
- In-Line
- Now
- 15-16
- 3,160 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 02 | 1,220 SF | Retail | - | Now |
| 03 | 1,220 SF | Retail | - | Now |
| 07 | 1,920 SF | Retail | - | Now |
| 08 | 1,860 SF | Restaurant | - | Now |
| 12 | 1,876 SF | Retail | In-Line | Now |
| 15-16 | 3,160 SF | Retail | In-Line | Now |
02
| Size |
| 1,220 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
03
| Size |
| 1,220 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
07
| Size |
| 1,920 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
08
| Size |
| 1,860 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
12
| Size |
| 1,876 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
15-16
| Size |
| 3,160 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
NEARBY MAJOR RETAILERS
1 of 12
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Crossroads Center | 1901-2403 E Red River St
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