The Plaza at Amber Lane 2750 W Main St 7,980 SF 100% Leased Retail Building League City, TX 77573 $4,012,658 CAD ($502.84 CAD/SF) 7.20% Cap Rate

Marcus & Millichap is pleased to exclusively market for sale The Plaza at Amber Lane, a 7,980-square-foot shopping center, located at 2750 West Main Street in League City, Texas. The Plaza at Amber Lane is offered for $2,913,000, at a 7.20 percent cap rate.
This offering presents an opportunity for an investor to purchase a property that is majority-occupied by Guided Practice Solutions, a private equity conglomerate of 100+ dental practices nationwide, operating as New Teeth in the subject property. New Teeth occupies 66 percent of the property. The remaining tenancy includes Edward Jones, a dry cleaner drop-off location, and an office-user. An investor benefits by having the diversification of multiple tenants, while minimizing risk through a large, creditworthy anchor tenant. Also, an investor may assume Seller’s existing loan at a 4.50 percent interest rate.
The Plaza at Amber Lane is situated in an attractive location, featuring average household incomes of $133,000 within one and three miles. Its location on West Main Street benefits from serving as a neighborhood retail/medical center, while also serving commuters who live west of the subject property and drive past the retail center to access Interstate 45, located just east of the property. West Main Street sees approximately 30,000 vehicles per day. Nearby retailers include Walmart, Auto Zone, Pizza Hut, McDonalds, Wendy’s, and Amegy Bank.