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Former Red Lobster | Value-Add 104 Highway 332 W

7,778 SF Retail Building Lake Jackson, TX 77566 $3,685,422 CAD ($474 CAD/SF)

Investment Highlights

  • Direct On/Off Ramp Access - Nolan Ryan Expressway (57,000+ VPD) | Excellent Visibility | Large Monument Sign | Signalized, Hard-Corner Intersection
  • Direct Consumer Base | Strong Demographics in 5-Mile Trade Area
  • Adjacent to Brazos Mall | Oyster Creek Apartments (201 Units) | Edgewater Apartments (228 Units) | Retail Corridor | Strong National/Credit Tenant Pre

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a freestanding former Red Lobster investment property located in Lake Jackson, Texas (Houston MSA).

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,778 SF
Building Class
B
Year Built/Renovated
1984/2002
Price
$3,685,422 CAD
Price Per SF
$474 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Land Acres
1.21 AC
Zoning
C1 - Commercial
Parking
83 Spaces (10.67 Spaces per 1,000 SF Leased)
Frontage
372 ft on Tx-288 Hwy

Amenities

  • Corner Lot
  • Freeway Visibility
  • Restaurant
  • Signage
  • Signalized Intersection

Nearby Major Retailers

Starbucks
Olive Garden
Evolution Fitness
Texas Roadhouse
F45 Training, Inc.
Chili's Grill & Bar
Beef 'O' Brady's
ALDI
IHOP
Cadence Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0019-0423-210
Land Assessment
$1,332,268 CAD
Improvements Assessment
$1,306,002 CAD
Total Assessment
$2,638,270 CAD
  • Listing ID: 33946274

  • Date on Market: 2024-11-21

  • Last Updated:

  • Address: 104 Highway 332 W, Lake Jackson, TX 77566

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