7600 Bayway DrBaytown, TX 77520

For Sale
$1,100,000

High-yield, 100% occupied, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional mixed-use investment property, located at 7600 Bayway Drive in Baytown, Texas, presents a compelling opportunity for discerning investors. The 7,800 square foot building, constructed in 2018, sits on a 4.84-acre lot and boasts a strong 8.34% capitalization rate, generating a net operating income (NOI) of $91,789. The property is currently 100% occupied by two tenants: Lercy's Restaurant, Exxon/Mobil, and Safety Advantage, under a triple-net (NNN) lease structure, minimizing landlord responsibilities. The property is classified as Class B and features a single-story building with a permitted NSC zoning designation. Its prime location is just half a mile south of Spur 330, offering excellent visibility and accessibility, particularly given its proximity to Exxon/Mobil. The asking price is $1,100,000, translating to $140.97 per square foot. A significant advantage is the inclusion of an additional 2.5 acres of undeveloped land, presenting potential for future expansion or development. The property's strong financial performance, coupled with its strategic location and development potential, makes it an attractive investment with significant upside potential. The pro-forma NOI and cap rate are both 8.34%, reflecting a stable and predictable income stream. This offering is priced well below replacement cost, making it a particularly compelling investment opportunity in the thriving Baytown market. The property's Harris County location, zip code 77520, further enhances its appeal.

Highlights

  • 7,803 SF building on a 4.84-acre lot (HCAD).
  • Half-mile south of Spur 330.
  • Excellent location near ExxonMobil.
  • Built in 2018.
  • Includes 2.5 additional buildable acres.
  • 100% occupied.

Property Details for 7600 Bayway Dr

Property type
Other retail properties, Other office properties
Square Feet
7,803 SF
Class
B
Year Built
2018
Buildings
1
Stories
1
Lot Size (sq. ft)
210,830 SF

Location Insight

City
Baytown
County
Harris
State
Texas
Latitude
29.7745645
Longitude
-95.0312092
7600 Bayway Dr, Baytown, Texas

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7600 Bayway Dr
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