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1300 E Highway 6
Alvin, TX 77511
McAlister's Deli & Aspen Dental · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- New 10-year net leases to two national brands with McAlister’s Deli (500+ total locations) and Aspen Dental (1,100+ locations)
- Tenants handle taxes, insurance, and most maintenance, minimizing landlord responsibilities
- Average household income of $106,202 within 5 miles in 2024, projected to rise 17%+ by 2029
- 10% rental increases every five years across initial terms and option periods, delivering consistent income growth
- Located on East Highway 6 with 23,761 vehicles per day and just off of the Highway 6 / State Highway 35 intersection with 59,663 total vehicles per da
EXECUTIVE SUMMARY
Situated at 1300 East Highway 6 in Alvin, TX, the property benefits from 23,761 vehicles per day along East State Highway 6 (0.25 miles away). The 1.27-acre site hosts a 6,484 SF building renovated in 2023, featuring modern designs tailored to McAlister’s Deli and Aspen Dental. Its position near Highway 35 Bypass enhances accessibility for the surrounding 53,420 residents within 5 miles. Surrounded by over 1,200 planned residential units within a 1-mile radius, the site is poised for increased patronage. A major grocery-anchored development 0.46 miles away promises additional traffic and economic uplift. The area’s 17.6% population growth within 3 miles from 2010-2024 underscores its upward trajectory. Positioned along a high-traffic corridor, the site sees nearly 60,000 vehicles daily at the intersection of E Highway 6 and State Highway 35 / Alvin Bypass. The signalized intersection at Highway 6 ensures easy access for the 19,206 households within 5 miles. Recent traffic data highlights consistent counts exceeding 20,000 AADT, amplifying exposure. The property serves a growing population, with 5-mile radius figures rising from 44,493 in 2010 to 53,420 in 2024. Average household income within 5 miles is $106,202 in 2024, projected to climb to $124,127 by 2029, reflecting an affluent customer base. Median age of 38 aligns well with dining and dental service demand. This McAlister’s Deli and Aspen Dental are surrounded by major national retailers including Walmart Supercenter, The Home Depot, Starbucks, Chick-fil-A, Planet Fitness, ALDI, and many more. This mix of high-traffic tenants enhances the visibility, accessibility, and sales potential of this property. The site is located minutes from well-attended schools such as Alvin Community College (home to 5,400 students), Alvin High School (2,753 students), Alvin Junior High School (935 students), and Fairview Junior High (793 students), providing a reliable customer base for the site. Both tenants operate under net leases, reimbursing taxes, insurance, and all interior non-structural maintenance as additional rent. Landlord responsibilities are limited to roof, structure, and foundation, with tenants covering common area expenses, making this a low-maintenance investment.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
6,487 SF
Building Class
C
Year Built/Renovated
1999/2023
Price
$5,348,095 CAD
Price Per SF
$824.43 CAD
Cap Rate
6.75%
NOI
$360,917 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.27 AC
Opportunity Zone
Yes
Zoning
F1 - No zoning in the City of Alvin
Parking
74 Spaces (11.41 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 3710-0001-000 | Improvements Assessment | $1,212,427 CAD |
| Land Assessment | $832,233 CAD | Total Assessment | $2,044,659 CAD |
PROPERTY TAXES
Parcel Number
3710-0001-000
Land Assessment
$832,233 CAD
Improvements Assessment
$1,212,427 CAD
Total Assessment
$2,044,659 CAD
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