Three Tenant Retail Center

Summary

  • Sales Price $2,900,000
  • NOI $274,541
  • Cap Rate 9.47%
  • Occupancy 100%

Oldham Goodwin is pleased to present 1010 S Texas Avenue (Texas Plaza) for consideration. The 30,600 SF, three tenant retail property is located at well known “bend” in Texas Avenue in Bryan, TX. Texas Plaza has great exposure and visibility on Main Street and Texas Avenue, both of which are major thoroughfares to Texas A&M University and Downtown Bryan. The property is anchored by a long term lease with Bingo Barn, with over 14 years remaining on the existing lease term. The center is being offered for sale at a major discount to replacement cost, and benefits from a number of recent upgrades, including a new roof, façade, and resurfaced parking lot.

Property Highlights

  • — Multi-Tenant value add retail property in the heart of Bryan, TX on Texas Avenue
  • — Excellent visibility on Texas Avenue, exposure to great traffic counts
  • — Over 30,000 SF situated on 2.24 acres with frontage on Main Street, Pease Street, and Texas Avenue
  • — Offered at a significant discount to replacement cost
  • — Anchored by long term lease with Bingo Barn, over 14 years remaining
  • — New membrane roof installed in 2019, along with new façade, resurfaced and re-striped parking lot