$3,727,326
Alvin Crossing
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 9,897
Net Rentable (SqFt) 9,897
Units 5
Cap Rate 6.00%
NOI $223,640
Occupancy 100%
Tenancy Multi
Brand/Tenant T-Mobile
Lease Type NNN
Price per SqFt $377
Class B
Year Built 2010
Buildings 1
Acreage 0.850
Zoning Commercial
Investment Type Stabilized
Tenant Credit Credit Rated
Ground Lease No
Sale Condition For sale by owner
Retail | 6.00% CAP | 9,897 SqFt
Marketing description
Alvin Crossing is a multi-tenant retail strip center located in Alvin, TX, offering a stable income stream with national credit tenants including T-Mobile, Marco's Pizza, and Leslie's Pool Supplies. The property benefits from high visibility on SH-35 and maintains 100% occupancy with long-term leases featuring staggered expiration dates. The triple net lease structure provides predictable cash flow with tenants responsible for their proportionate share of property taxes, insurance, and CAM expenses. The property is well-positioned in the growing Houston Metro market, offering an attractive 6.0% capitalization rate for investors seeking solid yield in the current market environment.
Investment highlights
- National Credit Tenants: Property anchored by T-Mobile, Marco's Pizza, and Leslie's Pool Supplies - all nationally recognized brands with strong credit profiles
- Stable Income Stream: Long-term leases with staggered expiration dates providing predictable cash flow and reduced rollover risk
- Strong Occupancy: Property maintains high occupancy with established tenants and proven operating history
- Triple Net (NNN) Leases: Tenants responsible for proportionate share of property taxes, insurance, and CAM expenses
- Growing Houston Metro Market: Alvin, TX benefits from proximity to Houston's expanding economy and population growth
- Attractive Cap Rate: 6.0% capitalization rate offers solid yield in current market environment
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$223,639.56
$18,636.63/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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