Lake Jackson, TX - Plantation Village Plaza
$9,247,000
457 This Way, Lake Jackson, TX 77566
7
Cap Rate
647,269
NOI
Details:
Description:
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in 100% leased, multi-tenant retail service center
investment property located in Lake Jackson, Texas. The center is currently leased by 13 medical and professional tenants, including Jacobs Engineering, Retina Consultants of Texas, USA Army Corps of Engineering, State of Texas Health and Human Services, and more.
Plantation Village Plaza is strategically located along This Way and Abner Jackson Parkway, two of Lake Jackson’s primary retail and commuter arteries with combined traffic counts exceeding 49,800 vehicles per day (10,700 VPD on This Way and 39,100 VPD on Highway 288 & 332). The property is positioned within Lake Jackson’s dominant retail corridor, surrounded by a strong mix of national and regional retailers driving daily consumer traffic to the area. The center is adjacent to LA Madeleine, McAlisters, Alamo Title, and Nothing Bundt Cakes and directly across from a highly trafficked retail corridor featuring Walmart Supercenter, Lowe’s, Hobby Lobby, PetSmart, Best Buy, and The Home Depot. In addition, Plantation Village Plaza is located near Brazos Mall, a 680,000+ SF regional shopping destination anchored by Dillard’s, Kohl’s, T.J. Maxx, and Ross, as well as major dining pads including Chick-fil-A, Olive Garden, and Starbucks. The property benefits from proximity to Brazosport Regional Health System (Hospital) and Dow Chemical Company’s Gulf Coast Operations, two of the area’s largest employment hubs supporting thousands of local jobs. The 5-mile trade area is supported by a population of more than 52,000 residents with an average household income exceeding $110,000, underscoring the area’s strong economic base and long-term tenant stability.
Location
Gallery