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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32722572
32722568

1401 Marina Bay Drive, Kemah, TX 77565 For Sale

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$6,421,000
61 days on market
Updated 5 days ago

West Marine

Details
Property Type Retail
Sub Type Storefront
Square Footage 25,236
Units 1
Cap Rate 7.75%
NOI $497,613
Occupancy 100%
Tenancy Single
Lease Type NN+
Lease Term 15
Lease Expiration 03/22/2027
Remaining Term 1
Rent Bumps Yes
Lease Options Two, 5-Year
Price per SqFt $254
Year Built 2002
Year Renovated 2012
Acreage 2.880
Zoning Commercial
Parking Spaces 98 spaces
Parking per 1,000 SqFt 3.88
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/23/2012
Ground Lease No

Corporate Lease | Long Operating History | Affluent Surrounding Area

Investment highlights

• Corporate lease | West Marine Products, Inc. | 240+ locations across the US and Puerto Rico

• Great visibility & access from Marina Bay Dr | 18,660 VPD

• Located inside of dense retail corridor | 2.2M SF within a 2-mile radius

• Long operating history | Leased since 2012

• Large parcel | 2.88 acres

• Strong population growth within 3 miles | 30.09% from 2010-2025

• Attractive population density within a 5-mile radius | 135,104 residents

• Affluent surrounding area | $133,107 average household income within a 1-mile radius

• 15 minutes from Houston Methodist Clear Lake Hospital | 178 beds

• Within 15 minutes from Clear Lake & Clear Creek High School | 4,900 students combined

• 14 miles from Ellington Airport & Spaceport Houston | Strategic location benefiting from daily commuter traffic, military presence, and aerospace-driven economic activity

• 10 mins from NASA Johnson Space Center | Global epicenter of space exploration driving sustained employment, tourism, and economic activity | Space Center Houston attracts 1.3M guests annually

• Nearby destination retailers | Walmart Supercenter, Target, Kroger, ALDI, Home Depot, Sam’s Club, IHOP, Chick-fil-A, Starbucks, McDonald’s, Wendy’s, Taco Bell, Whataburger, Raising Cane’s, Sonic, CAVA, Five Guys, Dunkin’, Burger King, Subway, and more

• 40 minutes from Downtown Houston

Listing Contacts

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$497,613.00
$41,467.75/mo

Valuation Metrics

0
DSCR
7.75%
Cap Rate
7.75%
ROI

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