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Shopping Strip

League City Plaza

250 S Egret Bay Blvd, League City, TX 77573

Listing Price: $2,649,000

Cap Rate
6.80%
Gross SF
14,974
Rentable SF
14,974
Price/Gross SF
$176.91
Lot Size
3.12 acres
Year Built
1997

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale League City Plaza, located at 250 South Egret Bay Boulevard in League City Texas. This Kroger shadow-center was built in 1997 and features 14,974 square feet of leasable area on 3.12 acres. The property is offered for $2,649,000, which is below replacement cost at only $176.91 per square foot to the building. League City Plaza is located on the southwest corner of FM 270 (South Egret Bay Boulevard) and FM 518 (Main Street) intersection with over 48,000 vehicles per day. The shopping center benefits from signage and access from both roads. League City Plaza is a stabilized retail center at 100 percent occupancy, which offers an investor a year one CAP rate of 6.80 percent and a cash-on-cash return of 15.33 percent with proposed debt service. The center is one mile east of Interstate 45 and approximately four miles south of NASA Johnson Space Center. Hobby Airport is 14 miles northwest and four miles from the Kemah Boardwalk.

Investment Highlights

  • Kroger Shadow Center with Visibility to S. Egret Bay Boulevard (16,864 Vehicles Per Day) and Main Street (31,831 Vehicles Per Day)
  • Strong Mix of National and Regional Tenants Including: Chase, Taco Bell, Jack-in-the-Box, Advanced Auto Parts and more
  • Average Household Income $112,402 Within Three Mile Radius
  • Below Replacement Cost | $176.91 Per Square Foot

Exclusively Listed By

Financing By

Shopping Strip

League City Plaza

Listing Price: $2,649,000

Cap Rate
6.80%
Gross SF
14,974
Rentable SF
14,974
Price/Gross SF
$176.91
Lot Size
3.12 acres
Year Built
1997

Investment Highlights

  • Kroger Shadow Center with Visibility to S. Egret Bay Boulevard (16,864 Vehicles Per Day) and Main Street (31,831 Vehicles Per Day)
  • Strong Mix of National and Regional Tenants Including: Chase, Taco Bell, Jack-in-the-Box, Advanced Auto Parts and more
  • Average Household Income $112,402 Within Three Mile Radius
  • Below Replacement Cost | $176.91 Per Square Foot

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale League City Plaza, located at 250 South Egret Bay Boulevard in League City Texas. This Kroger shadow-center was built in 1997 and features 14,974 square feet of leasable area on 3.12 acres. The property is offered for $2,649,000, which is below replacement cost at only $176.91 per square foot to the building. League City Plaza is located on the southwest corner of FM 270 (South Egret Bay Boulevard) and FM 518 (Main Street) intersection with over 48,000 vehicles per day. The shopping center benefits from signage and access from both roads. League City Plaza is a stabilized retail center at 100 percent occupancy, which offers an investor a year one CAP rate of 6.80 percent and a cash-on-cash return of 15.33 percent with proposed debt service. The center is one mile east of Interstate 45 and approximately four miles south of NASA Johnson Space Center. Hobby Airport is 14 miles northwest and four miles from the Kemah Boardwalk.

Exclusively Listed By

Financing By

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