Multi-Tenant Retail Shopping
For Sale
Contact for pricing
Pending
30 Lack Ln, Clute, TX 77531
Occupied retail center with an established anchor and improvements to common areas and tenant spaces.
Property SizeContact for details
Days on Market145
Property Features for 30 Lack Ln
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Cap Rate
8.18%
Anchor Co-Tenants
Bel Furniture
Building Details
Tenancy
Multi
Listing Agency:
Vandaveer Commercial
Listed By:
Mike Vandaveer · License #CO 100067246
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Sep 1 at 3:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vandaveer Commercial
Investment Insights
Based on property information with market context.
This multi-tenant retail shopping center at 30 Lack Ln in Clute, Texas includes 11 existing tenants and is currently over 95% occupied. Bel Furniture serves as the anchor, and the property has undergone improvements to both shared areas and individual suites over the past 5 years. The center is described as being in good condition, with a mix of established occupants.
The property offers an 8.18% initial CAP Rate. Rental terms include periodic rate increases, while most current rents are below market, creating documented room for future rent growth. The asset combines an occupied retail configuration, a recognized furniture-store anchor, and recent property improvements.
The property offers an 8.18% initial CAP Rate. Rental terms include periodic rate increases, while most current rents are below market, creating documented room for future rent growth. The asset combines an occupied retail configuration, a recognized furniture-store anchor, and recent property improvements.
Key Highlights
- 11 existing tenants with occupancy currently over 95%
- Bel Furniture anchor with 15 current locations in Texas
- Improvements completed across common areas and tenant spaces over the past 5 years
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
143k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 47%
Home Improvements & Furnishings 3%
Electronics 2%
McDonald's
Dining
27,022 visits/mo
0.5 miles
Ollie's Bargain Outlet
Shops & Services
13,678 visits/mo
0.1 miles
SONIC Drive In
Dining
12,636 visits/mo
0.5 miles
Dollar Tree
Shops & Services
12,390 visits/mo
0.1 miles
Taco Bell
Dining
8,385 visits/mo
0.5 miles
Demographics for 77531, TX
15,666
Population
7,502
Households
2.1
Avg Household Size
33
Median Age
17%
College-Educated
83%
High-School Grad
11.7 sq mi
ZIP Area
1,339
Density / Sq Mi
$71,583
Median Household Income
$40,817
Median Earnings
$1,217
Median Rent
$236,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Occupied retail center with an established anchor and improvements to common areas and tenant spaces.
Where is this shopping center located?
The property is located at 30 Lack Ln Clute, TX.
What are key features of this property?
This property features: 11 existing tenants with occupancy currently over 95%; Bel Furniture anchor with 15 current locations in Texas; Improvements completed across common areas and tenant spaces over the past 5 years
