Marcus & Millichap is pleased to exclusively offer for sale Five Points Retail Center, located at 201 South Egret Bay Boulevard in League City, Texas. Five Points Retail Center is an 11,247-square-foot shopping center, situated on 1.22 acres at two hard-corner intersections. Its position, at the corner of FM 518 and Main Street along with the corner of S Egret Bay Boulevard and Main Street, exposes the site to over 65,000 vehicles per day and provides the property with vehicular access to five different directions, hence the property name. Five Points Retail Center features a strong, diverse tenant mix, including the likes of Frost Bank and Goodwill Industries. There are currently two vacancies that total 3,000 square feet. The seller will master lease 1,769 square feet in Suite 400 for three years and escrow the scheduled base rent and additional rent at closing. The remaining 1,231 square feet will be delivered vacant, allowing for a purchaser to add value by leasing this unit. The Retail Center is offered for sale at a price of $4,309,000, which delivers a day-one seven percent cap rate and pro forma cap rate of over eight percent (by filling the 1,231-square-foot vacancy). An owner will also benefit from the tenants’ scheduled rent increases, whether in the primary term, or renewal option periods. Additionally, the staggered leases feature a weighted average lease term of greater than six years amongst the tenants. • Irreplaceable Location at Two Signalized Intersections: This retail center is located at FM 518 and Main Street, along with the corner of South Egret Bay Boulevard and Main Street. • Exposure to Over 65,000 Vehicles Per Day | Property Ingress and Egress in Five Different Directions • Strong Tenant Mix: Two major tenants, Frost Bank and Goodwill Industries, anchor the center. • Weighted Average Lease Term of Greater Than Six Years: The staggered leases feature a weighted average lease term of greater than six year amongst the tenants. • Attractive Day-One Cap Rate: This property is for sale at a cap rate of seven percent with the opportunity to increase the cap rate to greater than eight percent. • Affluent Demographics: Within a 1, 3, and 5-mile radius, the average household income is $125,000, providing a strong customer base.