Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Baytown Plaza, located at 4750 Interstate 10 (East Freeway) in Baytown, Texas. This 5,000-square-foot retail center is situated on 0.34 acres fronting the East Freeway feeder road, which provides excellent visibility. Baytown Plaza is 100 percent occupied, accommodating two tenants. The property’s two-tenant configuration provides an investor with a reduction in risk through tenant diversification. Both leases are triple-net, protecting an investor from possible increases in future expenses. Additionally, there is a billboard agreement that pays $12,600 annually, increasing the profitability of the property. Fidelis Realty Partners has broken ground on San Jacinto Marketplace, a 550,000 square foot mixed-use development located directly behind the Property, and this retail center enjoys direct access to the Fidelis Realty Partners San Jacinto Market Place ring road. San Jacinto Marketplace is expected to be complete by the middle of 2028. Said project will increase property values in the area and allow an investor to raise rents in the future. The corner of the East Freeway and Garth Road is poised to become the dominant retail hub of Houston’s suburb once again to the east and attract residents from Mont Belvieu and Crosby as well as from master planned communities, such as the 1,500-acre Riceland Community, which is slated to have in excess 4,000 homes built once completed. Baytown Plaza is located near key industries, including oil and gas, petrochemicals, and manufacturing (for example: ExxonMobil, Chevron Phillips, and Covestro). The Port of Houston and the Baytown Industrial Complex are nearby, which drive steady demand from business travelers and extended-stay guests. The Property’s frontage location provides easy access to Interstate 10, connecting it to Houston and surrounding industrial hubs. Baytown Plaza is offered for sale at a price of $1,693,000, which represents a CAP Rate of 6.91 percent. The Pro Forma CAP Rate is 9.01 percent, assuming both tenants are renewed at $28/SF base rent when San Jacinto Marketplace is complete.