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The Center at Rollingbrook 2215 Rollingbrook Dr 9,550 SF 100% Leased Retail Building Baytown, TX 77521 $3,500,000 ($366.49/SF) 6.23% Cap Rate
Investment Highlights
- Fully Stabilized Retail Neighborhood Strip Serves surrounding residential communities with daily-needs retail, creating consistent traffic
- High Traffic Roads Rollingbrook Dr and Garth Rd provide ample visibility and consumer traffic
- Prominent frontage and easy ingress/egress enhance tenant exposure and long-term leasing appeal
- Proximity to Exxon Plant – Located minutes from one of the largest refining complexes in the U.S.
- Affluent Immediate Trade Area – Nearby neighborhood averages approximately $128K household income, providing strong consumer spending power directly
Executive Summary
The Center of Rollingbrook located at 2215 Rollingbrook is a stabilized neighborhood retail asset. The project is 100% occupied with a strong tenant base. The project offers an excellent location surrounded by residential homes and multi-family properties. The Center of Rollingbrook is strategically positioned between Exxon Mobile and Houston Methodist Hospital.
Offered at $3.5M with a 6.23% cap rate, this offering delivers secure in-place income and exposure to a resilient, industrially-anchored submarket with strong demographics and retail fundamentals.
Offered at $3.5M with a 6.23% cap rate, this offering delivers secure in-place income and exposure to a resilient, industrially-anchored submarket with strong demographics and retail fundamentals.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
9,550 SF
Building Class
B
Year Built
2016
Price
$3,500,000
Price Per SF
$366.49
Cap Rate
6.23%
NOI
$218,050
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.38 AC
Zoning
NSC
Parking
68 Spaces (7.12 Spaces per 1,000 SF Leased)
Frontage
121’ on Rollingbrook Dr
Nearby Major Retailers
Property Taxes
| Parcel Number | 1367540010001 | Improvements Assessment | $1,748,423 |
| Land Assessment | $300,955 | Total Assessment | $2,049,378 |
Property Taxes
Parcel Number
1367540010001
Land Assessment
$300,955
Improvements Assessment
$1,748,423
Total Assessment
$2,049,378
Contacts
-
Pauline Thude-Speckman -
Matthew Thude -
Ajay Pandher -
Meridian Investment Realty
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The Center at Rollingbrook | 2215 Rollingbrook Dr
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