Morgan's Plaza
3316 Highway 365, Nederland, TX 77627
Marketing description
Morgan's Plaza is a fully stabilized retail strip center offering a turnkey investment opportunity in one of Nederland's most active commercial corridor. Positioned along high traffic Highway 365 and situated directly across from Central Mall. The center is 100% occupied with five established, long-term tenants. There is plenty of onsite parking and excellent street signage.
100% occupied with five long-term tenants spanning personal services, shipping, dining, and wellness, the center delivers natural revenue diversification and immediate, consistent cash flow with minimal overhead.
Surrounding nationals include Raising Cane's, TJ Maxx, Dillard's, and Mathews Jewelers — confirming the strength of this dominant Southeast Texas retail corridor.
Investment highlights
- Prime Location: Hwy 365 frontage — one of SE Texas's highest-traffic retail corridors.
- Zero Vacancy Risk: 100% occupancy with 5 established long-term tenants in diverse categories.
- Co-Tenancy Boost: Directly across from Central Mall; benefits from regional anchor traffic.
- Strong Cash Flow: ~$141K NOI annually with gross rents exceeding $198K on a low expense base.
- Low Management: Stabilized asset with minimal landlord obligations — ideal passive income.
- Proven Demand: Surrounded by nationals: Raising Cane's, TJ Maxx, Dillard's & more.
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