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Retail Property with National Tenant
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1606 N Navarro St, Victoria, TX

NNN leased investment opportunity with long-term national retailer.

Property Size10,000 SF
Lot Size0.44 Acres
Price / SF$72.22
Days on Market385

Property Features for 1606 N Navarro St

General Information

Standard status Active
Size 10,000 SF
Lot size 0.44 Acres
Property subtype RETAIL
Listing Agency: Matthews Real Estate Investment Services | Austin
Listed By: Michael Kelleher · License #764467(TX)
Source: Moodyscre
Added: Aug 21, 2025 Changed: Aug 15 Last Checked: Sep 8 at 10:54AM

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 Matthews Real Estate Investment Services | Austin

Investment Insights

Based on property information with market context.

This retail property features a long-term tenancy by Family Dollar, which has operated at this location since 2017. The lease structure is double net (NN), with the tenant responsible for property taxes, insurance, and maintenance. The roof was replaced within the past five years. The property benefits from strong visibility along Interstate 77, a major retail corridor in Victoria, with daily traffic counts nearing 20,000 vehicles. It is located near national retailers such as Taco Bell, UPS, Chick-fil-A, and Whataburger. The property is offered at a 9% cap rate with approximately three years of remaining lease term. The property size is 10000 square feet.

Key Highlights

  • High Initial Yield – Offered at a 9% cap rate for immediate income.
  • Long‑Term Tenancy by National Retailer – Family Dollar operating since 2017.
  • Double Net (NN) Lease Structure – Tenant responsible for taxes, insurance, and maintenance.

Property Analytics

Current Use

Family Dollar Discount Store

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Butcher Locksmith Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,232
Businesses Nearby
102k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 65% Shops & Services 32% Electronics 1% Home Improvements & Furnishings 1%
Chick-fil-A Dining
30,834 visits/mo 0.3 miles
Taco Bell Dining
11,809 visits/mo 0.0 miles
KFC Dining
9,735 visits/mo 0.4 miles
Family Dollar Shops & Services
5,568 visits/mo 0.1 miles
The UPS Store Shops & Services
5,416 visits/mo 0.1 miles

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • Blissfully Yours Floral 1313 N Navarro St, Victoria, TX 77901
  • America's Funeral Florist 1107 E Red River St, Victoria, TX 77901
  • McAdams Floral 1107 E Red River St, Victoria, TX 77901

Frequently Asked Questions

What type of property is this?
Storefront property - NNN leased investment opportunity with long-term national retailer.
Where is this storefront property located?
The property is located at 1606 N Navarro St Victoria, TX.
What is the asking price?
The asking price for this property is $722,223.
What are key features of this property?
This property features: High Initial Yield – Offered at a 9% cap rate for immediate income.; Long‑Term Tenancy by National Retailer – Family Dollar operating since 2017.; Double Net (NN) Lease Structure – Tenant responsible for taxes, insurance, and maintenance.
(210) 844-7353 Call to check price and availability
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