Baytown Shops Phase I
Retail | 21,029 SqFt
Marketing description
JLL is pleased to present Baytown Shops Phase I (“the property”) located at the bustling intersection of Garth Road and Hunt Road in Baytown, Texas.
This unique opportunity offers a newly constructed, high-performing retail asset shadow anchored by H-E-B with robust contractual NOI growth. Set within Baytown's major retail corridor, this property benefits from incredible foot traffic with over 2.4 million annual visits and only one other H-E-B location within a 10-mile radius, ensuring its relevance and continued growth within a high-traffic retail thoroughfare.
The property boasts a comprehensive mix of tenants including medical, food and beverage, and consumer services. This in-place occupancy assures stable cash flows with a weighted average tenure of 5.2 years and an average remaining lease term of 3.4 years. Baytown Shops presents the opportunity to purchase a Class-A strip center with robust contractual growth, shadowed by Texas’ leading grocer.
Investment highlights
- H-E-B Shadow Anchored
- New Construction with Robust Contractual NOI Growth
- Located Among an Expanding Residential Base in the Baytown Submarket
- High Performing Center with 3.4M+ Annual Visits
- Located in Baytown's Major Retail Corridor
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