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300 Texas Highway 332 300 Tx-332 10,000 SF 79% Leased Retail Building Lake Jackson, TX 77566 $5,997,000 ($599.70/SF) 6.50% Cap Rate
Investment Highlights
- New, Long-Term Leases With Multiple National, Credit Tenants (PNC Bank, Aspen Dental, T-Mobile, and Jersey Mike’s)
- Dominant Retail Corridor: Neighbors With Walmart, Home Depot, Best Buy, Target, and Academy
- Lake Jackson Serves as the Retail and Medical Hub for Brazoria County, With a Growing Population and Strong Household Incomes
- Outparcel to Lowe’s and Directly Across from Brazos Mall (3.5M Annual Visits)
- Located at Signalized Intersection of TX-332 and TX-288/Nolan Ryan Expressway, Which Sees Approximately 50,000 Vehicles Per Day
Executive Summary
Marcus & Millichap is pleased to exclusively market for sale 300 Texas Highway 332, a 10,000-square-foot multi-tenant retail center located in Lake Jackson, Texas. The subject property is offered for $5,997,000, at a 6.50 percent cap rate.
This offering presents an opportunity for an investor to acquire a Class A, tilt-up strip center, anchored by four creditworthy national tenants on long-term NNN leases: PNC Bank recently executed a new 15-year lease commencing June 2025; Aspen Dental executed a new 10-year lease commencing September 2024; and a national restaurant has a pending fresh 10-year lease.
The property is situated at the signalized intersection of TX-332 and TX-288 / Nolan Ryan Expressway, which together see approximately 50,000 vehicles per day. The property is an outparcel to Lowe’s and sits directly across from Brazos Mall, which draws 3.5 million annual visits, as well as Walmart, Home Depot, Best Buy, Target, Academy Sports + Outdoors, Hobby Lobby, Burlington, Dollar Tree, Chick-fil-A, Chili’s, and a deep lineup of national restaurant and service tenants. Lake Jackson serves as the retail and medical hub for Brazoria County. Average household incomes exceed $117,000 within three miles.
This offering presents an opportunity for an investor to acquire a Class A, tilt-up strip center, anchored by four creditworthy national tenants on long-term NNN leases: PNC Bank recently executed a new 15-year lease commencing June 2025; Aspen Dental executed a new 10-year lease commencing September 2024; and a national restaurant has a pending fresh 10-year lease.
The property is situated at the signalized intersection of TX-332 and TX-288 / Nolan Ryan Expressway, which together see approximately 50,000 vehicles per day. The property is an outparcel to Lowe’s and sits directly across from Brazos Mall, which draws 3.5 million annual visits, as well as Walmart, Home Depot, Best Buy, Target, Academy Sports + Outdoors, Hobby Lobby, Burlington, Dollar Tree, Chick-fil-A, Chili’s, and a deep lineup of national restaurant and service tenants. Lake Jackson serves as the retail and medical hub for Brazoria County. Average household incomes exceed $117,000 within three miles.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
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-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
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$9.99
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Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
B
Year Built
2014
Price
$5,997,000
Price Per SF
$599.70
Cap Rate
6.50%
NOI
$389,805
Percent Leased
79%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.66 AC
Zoning
COM - N/A
Parking
80 Spaces
Frontage
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- A-1
- 2,105 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| A-1 | 2,105 SF | Retail | In-Line | Now |
A-1
| Size |
| 2,105 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6341-0001-001 | Improvements Assessment | $2,348,940 |
| Land Assessment | $937,310 | Total Assessment | $3,286,250 |
Property Taxes
Parcel Number
6341-0001-001
Land Assessment
$937,310
Improvements Assessment
$2,348,940
Total Assessment
$3,286,250
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