3602 Houston Hwy Victoria, TX 77901-4754
This exceptional investment opportunity presents Tanglewood Square, a thriving 1.42-acre shopping center in Victoria, Texas. Located at the highly visible corner of Highway 59 and Sam Houston, this property boasts a prime location with easy highway access and a signalized hard corner. The center enjoys exceptional daily traffic counts exceeding 29,000 vehicles, ensuring maximum exposure for its nine tenants. The diverse tenant mix includes service, food, and unique retail businesses, creating a robust and stable income stream. The property features a single-story building with units ranging from 600 to 3,740 square feet. Remarkably, one tenant has occupied their space since the center's opening in 1987, demonstrating the property's enduring appeal and strong tenant relationships. Two additional tenants have been in place for over 30 years. Currently operating at 100% occupancy, this multi-tenant shopping center offers a secure and passive income structure. Its strategic location near major national and regional retailers such as Walmart, Motel 6, Whataburger, Domino's, and Dollar Tree further enhances its value and attractiveness. The asking price for this established and successful shopping center is $2,990,000. This is a rare opportunity to acquire a well-established, high-performing retail asset in a desirable location.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.