Former Red Lobster | Value-Add | 104 Highway 332 W
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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
Amenities
- Corner Lot
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 0019-0423-210 | Improvements Assessment | $1,306,002 CAD |
Land Assessment | $1,332,268 CAD | Total Assessment | $2,638,270 CAD |
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
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Former Red Lobster | Value-Add | 104 Highway 332 W
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