3602 Houston HwyVictoria, TX 77901

For Sale
$2,990,000

Victoria, TX Shopping Center - 9 Tenants, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents Tanglewood Square, a thriving 1.42-acre shopping center in Victoria, Texas. Located at the highly visible corner of Highway 59 and Sam Houston, this property boasts a prime location with easy highway access and a signalized hard corner. The center enjoys exceptional daily traffic counts exceeding 29,000 vehicles, ensuring maximum exposure for its nine tenants. The diverse tenant mix includes service, food, and unique retail businesses, creating a robust and stable income stream. The property features a single-story building with units ranging from 600 to 3,740 square feet. Remarkably, one tenant has occupied their space since the center's opening in 1987, demonstrating the property's enduring appeal and strong tenant relationships. Two additional tenants have been in place for over 30 years. Currently operating at 100% occupancy, this multi-tenant shopping center offers a secure and passive income structure. Its strategic location near major national and regional retailers such as Walmart, Motel 6, Whataburger, Domino's, and Dollar Tree further enhances its value and attractiveness. The asking price for this established and successful shopping center is $2,990,000. This is a rare opportunity to acquire a well-established, high-performing retail asset in a desirable location.

Highlights

  • Established multi-tenant investment opportunity in Victoria, TX.
  • Nine-unit shopping center with a diverse mix of service, food, and retail tenants. One tenant has been in place since 1987, and two others for over 30 years.
  • High-visibility location at a signalized hard corner of Highway 59 and Sam Houston, with daily traffic counts exceeding 29,000 vehicles.
  • 100% occupancy, offering a secure passive income stream.
  • Excellent location near national retailers including Walmart, Motel 6, Whataburger, Domino's, and Dollar Tree. Asking price: $2,990,000.

Property Details for 3602 Houston Hwy

Property type
Lifestyle centers, Power centers
Square Feet
600 SF
Stories
1
Lot Size (sq. ft)
61,855 SF
Units
9

Location Insight

City
Victoria
County
Victoria
State
Texas
Latitude
28.815684293774
Longitude
-96.966005164253
3602 Houston Hwy, Victoria, Texas

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3602 Houston Hwy
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