1120 Grand Oak Blvd League City, TX 77573
- Retail properties
- 15,000 SF
- 1.65 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1120 Grand Oak Blvd
- Year built
- 2023
- Lot size
- 1.65 lot acres
- Property size
- 15,000 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a 15,000 square foot, Class A mixed-use property in League City, Texas. The stabilized investment boasts two buildings on 1.65 acres, featuring 4 units with 83% occupancy as of February 1, 2024. The property, built in 2023, offers a Net Operating Income (NOI) of $446,988, resulting in a 7.45% capitalization rate. Located at 1120 Grand Oak Blvd, in Galveston County, zip code 77573, this prime retail space is situated in a high-traffic area with over 120,000 cars passing daily. The property benefits from its location within the Grand Oak Village development, offering strong co-tenancy and excellent visibility. The General Commercial zoning allows for flexibility, and the property's location near I-45 ensures easy accessibility. The asking price is $6,000,000, representing a price per square foot of $400. This is a compelling opportunity to acquire a high-performing asset in a rapidly growing market. The property's strong performance and location make it an attractive investment for discerning buyers. The average household income in the area is substantial, supporting a robust customer base. The site benefits from off-site detention and landscaping improvements by TxDOT, enhancing its curb appeal. This is a rare chance to acquire a well-positioned, high-performing asset in a thriving Texas market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- League City
- County
- Galveston
- State
- Texas
- Longitude
- -95.1049
- Latitude
- 29.4917
