1120 Grand Oak BlvdLeague City, TX 77573

For Sale
$6,000,000

Class A Retail, High NOI, 7.45% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 15,000 square foot, Class A mixed-use property in League City, Texas. The stabilized investment boasts two buildings on 1.65 acres, featuring 4 units with 83% occupancy as of February 1, 2024. The property, built in 2023, offers a Net Operating Income (NOI) of $446,988, resulting in a 7.45% capitalization rate. Located at 1120 Grand Oak Blvd, in Galveston County, zip code 77573, this prime retail space is situated in a high-traffic area with over 120,000 cars passing daily. The property benefits from its location within the Grand Oak Village development, offering strong co-tenancy and excellent visibility. The General Commercial zoning allows for flexibility, and the property's location near I-45 ensures easy accessibility. The asking price is $6,000,000, representing a price per square foot of $400. This is a compelling opportunity to acquire a high-performing asset in a rapidly growing market. The property's strong performance and location make it an attractive investment for discerning buyers. The average household income in the area is substantial, supporting a robust customer base. The site benefits from off-site detention and landscaping improvements by TxDOT, enhancing its curb appeal. This is a rare chance to acquire a well-positioned, high-performing asset in a thriving Texas market.

Highlights

  • Class A mixed-use property, 15,000 SF, in League City, TX's Grand Oak Village.
  • 83% pre-leased, generating $446,988 NOI and a 7.45% cap rate.
  • $6,000,000 asking price ($400/SF), built in 2023 on 1.65 acres.
  • Prime I-45 location with over 120,000 daily vehicles, enhanced visibility from TxDOT landscaping.
  • General Commercial zoning, strong co-tenancy, and proximity to amenities like the Chester Davis Sportsplex.

Property Details for 1120 Grand Oak Blvd

Property type
Other retail properties, Other office properties
Square Feet
15,000 SF
Class
A
Year Built
2023
Buildings
2
Stories
1
Lot Size (sq. ft)
71,874 SF
Units
4

Location Insight

City
League City
County
Galveston
State
Texas
Latitude
29.4916725
Longitude
-95.1048951
1120 Grand Oak Blvd, League City, Texas

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1120 Grand Oak Blvd
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