1301 Sandy Ln Baytown, TX 77520
- Lifestyle centers
- 12,900 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 1301 Sandy Ln
- Year built
- 1970
- Property size
- 12,900 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
- APN
- 0410740030085
Description
This 12,900 square foot, single-story Class B shopping center in Baytown, TX, presents a compelling investment opportunity. Located at 1301 Sandy Ln (APN 0410740030085), this stabilized property boasts seven credit-rated tenants under NNN leases with a remaining term of four years (five-year initial term). The property features 12 units, 45 parking spaces, and a diverse tenant mix including a church and event center. Built in 1970 and fully renovated in 2022, the center enjoys 100% occupancy as of November 1, 2023, generating a Net Operating Income (NOI) of $104,040 and an 8.67% cap rate. The asking price is $1,050,000. Rent bumps are included in the lease agreements. This prime location in Harris County offers high visibility and significant foot traffic, making it an ideal investment for long-term growth and profitability. The property's strong tenant base, attractive cap rate, and recent renovations make it a highly desirable asset in the thriving Baytown market. This is a full ownership opportunity.
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
- Baytown
- County
- Harris
- State
- Texas
- Longitude
- -94.947589356206
- Latitude
- 29.748808634817
