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Cedar Bayou Shopping Center 1017 Bayou Rd 14,900 SF 100% Leased Retail Building La Marque, TX 77568 $1,175,125 CAD ($78.87 CAD/SF)
INVESTMENT HIGHLIGHTS
- Large Shopping Center 100% occupied with stable long terms tenants
- Highly visibility Center with Plenty of Parking spaces
- 1 of 3 line up shopping center with government offices
EXECUTIVE SUMMARY
Located in the heart of La Marque, this center is a popular destination situated next to the city offices. The center benefits from limited competition. Serving over 33,000 residents within 3 miles, this center enjoys loyal consumers in this solid community, locate in popular Gulf Coast, expansion 45 Freeway
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$113,642
|
$7.63
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$113,642
|
$7.63
|
| Taxes |
$38,019
|
$2.55
|
| Operating Expenses |
$6,774
|
$0.45
|
| Total Expenses |
$44,793
|
$3.01
|
| Net Operating Income |
$68,849
|
$4.62
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $113,642 |
| Annual Per SF | $7.63 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $113,642 |
| Annual Per SF | $7.63 |
| Taxes (CAD) | |
|---|---|
| Annual | $38,019 |
| Annual Per SF | $2.55 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $6,774 |
| Annual Per SF | $0.45 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $44,793 |
| Annual Per SF | $3.01 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $68,849 |
| Annual Per SF | $4.62 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,900 SF
Building Class
C
Year Built/Renovated
1965/2020
Price
$1,175,125 CAD
Price Per SF
$78.87 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
1.16 AC
Opportunity Zone
Yes
Parking
64 Spaces (4.3 Spaces per 1,000 SF Leased)
Frontage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Iglesia Jesus Church
- Administrative and Support Services
- 2,000 SF
- -
- Plus Electric
- Jun 2029
- Yaris Party Hall Ste B
- Arts, Entertainment, and Recreation
- 4,400 SF
- -
- Plus Electric
- -
- Yaris Party Hall Ste C
- Arts, Entertainment, and Recreation
- 8,500 SF
- -
- Plus Electric
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Iglesia Jesus Church | Administrative and Support Services | 2,000 SF | - | Plus Electric | Jun 2029 | |
| Yaris Party Hall Ste B | Arts, Entertainment, and Recreation | 4,400 SF | - | Plus Electric | - | |
| Yaris Party Hall Ste C | Arts, Entertainment, and Recreation | 8,500 SF | - | Plus Electric | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2775-0004-0900-002 | Total Assessment | $1,340,783 CAD (2025) |
| Land Assessment | $45,262 CAD (2025) | Annual Taxes | $38,019 CAD ($2.55 CAD/SF) |
| Improvements Assessment | $1,295,521 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2775-0004-0900-002
Land Assessment
$45,262 CAD (2025)
Improvements Assessment
$1,295,521 CAD (2025)
Total Assessment
$1,340,783 CAD (2025)
Annual Taxes
$38,019 CAD ($2.55 CAD/SF)
Tax Year
2024
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Cedar Bayou Shopping Center | 1017 Bayou Rd
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