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Shopping Strip

The Centre at Navarro

5312 N Navarro St, Victoria, TX 77904

Listing Price: Request For Offer

Rentable SF
33,400
Lot Size
5.93 acres
Year Built
2005

Investment Overview

The subject property is a 33,400 SF multi-tenant value add shopping center whose major tenant is Planet Fitness. The subject is shadow anchored by an Aldi grocery store and is located in Victoria, Texas. The center is located at a signalized intersection of Navarro and Sam Houston Drive. A Walgreens is located on the hard corner. This intersection boasts over 37,000 cars per day allowing for great exposure for the tenants. The subject has multiple points of access on both roads at the intersection. Victoria, Texas is a hub city located along the Gulf Coast of Texas. In 2014, The Milken Institute, a non-profit, non-partisan think tank, ranked Victoria, Texas the third best performing small city in the country based on job, wage and high-tech GDP growth. Manufacturing of petrochemicals, namely plastics and fabrics have been a key contributor to growth in the region. Activity stemming from the Port of Victoria is estimated to have created a $10 billion impact, which includes the construction of new docks and rail expansion. Major employers in the manufacturing sector include Formosa Plastics Group, the Inteplast Group, Invista, Alcoa, Dow and Caterpillar. All tenants reimburse for Taxes, Common Area Maintenance, Insurance and Management Fee. The majority also pay the landlord an administrative fee. The tenants are a mix of national and local tenants that include both food service and destination-oriented uses. The vacancy also allows the owner to increase cashflow and recoup expense by leasing the space.

Investment Highlights

  • Anchored by Planet Fitness (80 Unit Operator) | Grocery Shadowed by Aldi and Walgreens
  • Mix of National and Local Tenants | Service Oriented Tenants
  • 33,400 Sqft | 92.5% Occupied | $199/ SQFT
  • Signalized Intersection | >37,000 Cars Per Day

Exclusively Listed By

Shopping Strip

The Centre at Navarro

Listing Price: Request For Offer

Rentable SF
33,400
Lot Size
5.93 acres
Year Built
2005

Investment Highlights

  • Anchored by Planet Fitness (80 Unit Operator) | Grocery Shadowed by Aldi and Walgreens
  • Mix of National and Local Tenants | Service Oriented Tenants
  • 33,400 Sqft | 92.5% Occupied | $199/ SQFT
  • Signalized Intersection | >37,000 Cars Per Day

Investment Overview

The subject property is a 33,400 SF multi-tenant value add shopping center whose major tenant is Planet Fitness. The subject is shadow anchored by an Aldi grocery store and is located in Victoria, Texas. The center is located at a signalized intersection of Navarro and Sam Houston Drive. A Walgreens is located on the hard corner. This intersection boasts over 37,000 cars per day allowing for great exposure for the tenants. The subject has multiple points of access on both roads at the intersection. Victoria, Texas is a hub city located along the Gulf Coast of Texas. In 2014, The Milken Institute, a non-profit, non-partisan think tank, ranked Victoria, Texas the third best performing small city in the country based on job, wage and high-tech GDP growth. Manufacturing of petrochemicals, namely plastics and fabrics have been a key contributor to growth in the region. Activity stemming from the Port of Victoria is estimated to have created a $10 billion impact, which includes the construction of new docks and rail expansion. Major employers in the manufacturing sector include Formosa Plastics Group, the Inteplast Group, Invista, Alcoa, Dow and Caterpillar. All tenants reimburse for Taxes, Common Area Maintenance, Insurance and Management Fee. The majority also pay the landlord an administrative fee. The tenants are a mix of national and local tenants that include both food service and destination-oriented uses. The vacancy also allows the owner to increase cashflow and recoup expense by leasing the space.

Exclusively Listed By

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