Investment Overview

Marcus & Millichap is pleased to exclusively list for sale Liberty Shopping Center, located at 923 Main Street in Liberty, Texas. The 20,789 square foot building is situated on nearly 1.68 acres at the northwest corner of Myrtle Street and Main Street (10,162 vehicles per day). Current rents are on average roughly 23 percent below comparable shopping center rental rates in this submarket. This creates the potential to add value and increase NOI as soon as 2024, when several of the current leases expire. At an asking price per square foot of $86.58, Liberty Shopping Center can be purchased approximately 50 percent below replacement cost. The center is located on Main Street, less than 1 mile from U.S. Highway 90 (21,535 vehicles per day) and less than 2 miles from Highway 146 (9,735 vehicles per day). The property is situated in a dense retail corridor surrounded by strong retailers, such as Walmart, Tractor Supply Co., Family Dollar, CVS, McDonald’s, Verizon, Taco Bell, and many more. Additionally, Liberty Shopping Center is located less than 1 mile From Liberty High School, San Jacinto Elementary School, and Liberty Elementary School. The property is also located midway between Downtown Houston and Beaumont, creating the opportunity to capture a large portion of one of Texas’ most intensely dense refinery areas. Furthermore, the Grand Parkway project – a 180-mile circumferential highway opening up greater transportation opportunities to the East Texas markets and traversing seven counties in the greater Houston area. Other developments in the area include multiple new subdivision developments (300+ new homes), three new industrial manufacturing facilities, and several new retail developments, all currently underway and subsequently bringing many employment opportunities to the city of Liberty.