4500 7th St - Storefront FOR SALE


Bay City, TX 77414
$4,543,175 USD
972-755-5225
4500 7th St, Bay City, TX for Sale
$4,543,175 USD
Storefront - FOR SALE
1/10
null | 8% Cap Rate

4500 7th St
Bay City, TX 77414


HIGHLIGHTS

  • 23,084-Square-Foot, Multi-Tenant Retail Center | Shadow-Anchored by Walmart Supercenter
  • 100% Leased | All Leases are Triple-Net | 67% of the Gross Leasable Area has National Credit Tenants
  • Anchored by Hibbett Sporting Goods and CATO | Tenant Base is Complementary Mix of Largely Internet-Resistant and Service-Oriented Businesses

OVERVIEW

Marcus & Millichap is pleased to offer the opportunity to acquire a 23,084-square-foot, multi-tenant retail center located in Bay City, Texas. Bay City Shopping Center is currently 100 percent leased, and all leases are triple-net. Anchored by Hibbett Sporting Goods and CATO, the tenant base is a complementary mix of internet-resistant, service-oriented businesses, including AT&T, Yamato Hibachi & Sushi, The Cash Store, Sally's Beauty Supply, Luxury Nails, and Subway. Constructed in 2008, the property is situated on a 2.81-acre parcel with ample concrete parking. Bay City Center is located on 7th Street (State Highway 35) near the signalized intersection with Sargent Drive. Traffic counts in front of the property exceed 21,767 vehicles per day. Bay City Shopping Center is shadow-anchored by Walmart Supercenter and near other national and regional retailers, including Pizza Hut, H&R Block, Tractor Supply Co., Rent-A-Center, Ace Hardware, Burkes Outlet, Chili's, Family Dollar, Dairy Queen, T-Mobile, Starbucks, Verizon, The First State Bank, H-E-B grocery store, Aaron's, Dollar Tree, Little Caesars Pizza, Jack in the Box, EZ Pawn, Napa Auto Parts, AutoZone, McDonald's, O'Reilly Auto Parts, and many more. The subject property is in close proximity to multiple national hotel chains, including Holiday Inn, La Quinta, Candlewood Suites, and Comfort Inn, providing additional traffic to the area. The average household income is $78,090 within one mile; $72,664 within three miles; and $71,673 within five miles.

FOR SALE DETAILS

PRICE

$4,543,175 USD

PRICE/SF

$284 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bay City Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

134

LAND DETAILS

LAND ACRES

4.67 AC

LAND SF

203,425 SF

ZONING

Commercial

APN/PARCEL ID

118915,20211

ASK ABOUT THIS PROPERTY

Philip LevyMarcus & MillichapMore Info
972-755-5225

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Philip LevyMarcus & MillichapMore Info
972-755-5225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.