350 Deacon Dr W - The Cove at BearX | College Station, TX 77845
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350 Deacon Dr W - The Cove at BearX
College Station, TX 77845
The Cove at BearX · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- UNPRECEDENTED RECURRING MEMBERSHIP Ownership has secured creative and strong membership revenue streams of $705,000+.
- POSITIVE FINANCIAL TRENDS The Cove has been in a substantial growth mode for several years based on growing revenues, profitability, and performance.
- STRONG ALCOHOL SALES Top-grossing venue in the market by alcohol sales during its peak summer season, captured 7% of all alcohol sales in July 2022.
- EXPANDING MEMBERSHIP FURTHER A future owner could potentially target this offering to the roughly 8,745 student housing beds within a 1.5 mile radius.
- STRONG GROWTH IN SALES PER GUEST Sales per guest visit have grown in every year of The Cove’s operation, rising more than 121% since 2019.
- EXCEPTIONAL VALUE ADD OPPORTUNITY Nearly half of the indoor space is in shell condition and primed for new restaurants/bars, event space, and retail.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
34,792 SF
Building Class
B
Year Built
2015
Tenancy
Single
Building Height
3 Stories
Building FAR
0.05
Lot Size
15.46 AC
Parking
335 Spaces (10 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 365991 | Improvements Assessment | $4,244,027 |
| Land Assessment | $2,666,813 | Total Assessment | $6,910,840 |
PROPERTY TAXES
Parcel Number
365991
Land Assessment
$2,666,813
Improvements Assessment
$4,244,027
Total Assessment
$6,910,840
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