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27303991
27303990

8450 & 8460 Memorial Blvd, Port Arthur, TX 77640

MV
TX TX 588047
Edge Realty Partners - Houston
Listed by Edge Realty Partners - Houston
Unpriced
876 days on market
Updated 128 days ago

Central Mall Shoppes

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 14,000
Occupancy 89%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Class A
Year Built 2023 & 2025
Buildings 2
Acreage 3.000
Parking Spaces 12 per 1,000 sq ft
Investment Type Value Add
Tenant Credit Credit Rated, Corporate Guarantee

Newly Constructed Retail Center with National Credit Lineup and Immediate Upside

Investment highlights

  • Brand-new construction featuring national credit tenants on secure leases with built-in rental escalations and offering immediate upside through lease-up of the remaining vacancy

  • Shadow anchored by Target and Central Mall, a dominant retail destination for the Beaumont/Port Arthur/Orange MSA, with over 3.2M annual visitors (per Placer.ai) providing significant cross traffic

  • The Property boasts an impressive 12.0/1000 sf parking ratio, providing ample daily customer and employee parking as well as allowing for long term flexibility of the site

  • Positioned along U.S. Hwy 69/96/287 (Memorial Blvd), the dominant retail corridor, and easily accessible from FM 365, with exposure to a combined 105,000 cars per day

  • Port Arthur is home to a top-ranked port as well as petrochemical plants and the largest refinery in the nation, underpinning a strong employment hub and daytime population of 89,000 people within a five-mile radius

  • Due to the high demand for daily workforce staffing, the Property is immediately surround by over 2,200 multifamily units within a one-mile radius, as well as more than 1,590 current and future hotel rooms

Listing Contacts

MV
TX TX 588047
Edge Realty Partners - Houston
Listed by Edge Realty Partners - Houston

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Additional Information

Name
Micha van Marcke, CCIM
License
TX 588047
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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