Investment Overview

Marcus & Millichap is pleased to exclusively list for sale West Main Retail Center, located at 1851 West Main Street in League City, Texas. This 4,616 square foot retail center is located on approximately 0.4 acres on Main Street. West Main Retail Center is available to be purchased for $1,339,000, which is a 8.03 percent day one cap rate. The subject property is 100 percent occupied, accommodating four tenants. All tenant leases are triple-net, protecting an investor from possible increases in future expenses. Additionally, there is a billboard agreement that pays $9,600 annually, increasing the profitability of the property. The subject property’s frontage location on Main Street provides excellent visibility and easy access to Interstate 45. Dense residential neighborhoods surround the subject property, and nearby retailers include: Starbucks, McDonald’s, Walmart, Wendy’s, and Taco Bell. League City is experiencing significant residential growth; even before development on the west side, League City’s population grew by 36.9 percent from 83,560 residents in 2010 to 114,392 in 2020, according to the U.S. Census Bureau. Webster is home to many medical facilities such as HCA Houston Healthcare Clear Lake & UTMB Health Clear Lake Campus Hospital. Additionally, new developments are coming to the area. An 80+ acre development called Flyway is unfolding with entertainment, dining, recreation, and sports entertainment venues anchored by the region’s only Great Wolf Lodge indoor waterpark resort hotel and conference center. Flyway will offer best-in-class dining and entertainment venues like Chicken N Pickle, Popstroke, and Vida Mariscos, amid a walkable, inviting atmosphere with a boardwalk, event lawn, and unique amenities. Other major points of interest in the general area are the Johnson Space Center and Space Center Houston, the South Shore Harbour Convention Center and Marina, and Kemah Boardwalk.