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Tanglewood Square 3602 Houston Hwy 11,940 SF 83% Leased Retail Building Victoria, TX 77901 $1,800,000 ($150.75/SF) 5.46% Cap Rate
INVESTMENT HIGHLIGHTS
- Value-Add Potential Through Leasing Vacancies and Raising Below Market Rents or Converting Gross Leases to Triple-Net Leases
- Located at Signalized, Hard Corner of Two Major Thoroughfares
- Long Term Lease: China Inn Restaurant, who occupies the elbow space, originally commenced in 1994.
- Priced Below Replacement Cost: $150.75/SF
- Prime Location Near Walmart and University of Houston-Victoria | Proximity to Nearby Retailers, Including Starbucks, Whataburger, and Dollar Tree
- Increased Foot Traffic From Two Fuel Pumps
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to exclusively offer for sale Tanglewood Square, a 11,940-square-foot shopping center located at the signalized, hard corner of Houston Highway (US-59T) and Sam Houston Drive.
Tanglewood Square is 83 percent occupied. An investor could add value by leasing the two vacant units and raising below market rents or converting gross leases to triple-net leases.
The property is in a strategic location near a newly constructed Walmart Supercenter, University of Houston-Victoria, and Citizens Medical Center. Nearby retailers include Starbucks, Whataburger, and Dollar Tree.
Tanglewood Square is 83 percent occupied. An investor could add value by leasing the two vacant units and raising below market rents or converting gross leases to triple-net leases.
The property is in a strategic location near a newly constructed Walmart Supercenter, University of Houston-Victoria, and Citizens Medical Center. Nearby retailers include Starbucks, Whataburger, and Dollar Tree.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) 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
11,940 SF
Building Class
C
Year Built
1983
Price
$1,800,000
Price Per SF
$150.75
Cap Rate
5.46%
NOI
$98,296
Percent Leased
83%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.42 AC
Zoning
F1 - Real Commercial
Frontage
AMENITIES
- Corner Lot
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 53820-001-00100 | Improvements Assessment | $2,732,360 (2025) |
| Land Assessment | $188,780 (2025) | Total Assessment | $2,921,140 (2025) |
PROPERTY TAXES
Parcel Number
53820-001-00100
Land Assessment
$188,780 (2025)
Improvements Assessment
$2,732,360 (2025)
Total Assessment
$2,921,140 (2025)
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Tanglewood Square | 3602 Houston Hwy
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