Investment Overview

Marcus & Millichap is pleased to exclusively list this Primary Retail Development located on Business 290. This property spans an impressive 57,135 square feet, situated on a large 6.78-acre lot. Built in 1980 by Walmart and previously occupied by Sutherlands Home Improvement Store, this retail building offers investors the chance to purchase at an attractive rate of $44 per square foot, which is below replacement cost. The property already features a built-out space of 5,000 square feet, which is recently occupied by a Bingo Hall and is the first Bingo Hall to open in the Brenham area. It also features a recently replaced TPO roof. These aspects provide investors with a head start, enabling them to focus on developing additional individual spaces or leasing out the entire space at market rent. This property has 385 feet of frontage on Business 290 which allows an investor the ability to develop multiple pad sites. Such flexibility in utilization ensures a wide range of investment strategies. One of the key advantages of this Prime Retail Development is its location in Brenham, a region experiencing significant growth in both retail and residential development. This growing market trend provides a favorable environment for maximizing returns on investment. As the demand for commercial and residential spaces in Brenham rises, investors can leverage this opportunity to invest in a thriving market and benefit from the increasing economic activity.