Log In/Sign Up
Your email has been sent.
3420 7th St
Bay City, TX 77414
Verizon Building · Retail Property For Sale
Investment Highlights
- 100% Occupied Strip Center
- Landlord-Favorable NNN Leases
- Surrounded by Major Traffic Drivers
- Ability to Mark up Rents Over Time
- Recent Roof Replacement
- Hight-Traffic Corridor with Easy Access
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the 3-Tenant Center located at 3420 7th Street, Bay City, TX 77414 (the “Property”). This is a 100% leased retail center with a diverse mix of tenants that serve the surrounding community. The Property is easily managed with just 3 tenants. Each of the leases are NNN with a WALTR of 3.5+ years.
The Property is a 5,825 square foot strip center constructed in 2003. The retail center consists of three 1,900+ SF suites, making leasing easier. The tenant mix consists of Verizon, Vape City, and State Farm, a strong tenant mix that complements the surrounding retailers and population.
The Property is a 5,825 square foot strip center constructed in 2003. The retail center consists of three 1,900+ SF suites, making leasing easier. The tenant mix consists of Verizon, Vape City, and State Farm, a strong tenant mix that complements the surrounding retailers and population.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
5,825 SF
Building Class
B
Year Built
2003
Price
$1,927,911 CAD
Price Per SF
$330.97 CAD
Cap Rate
6.25%
NOI
$120,492 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
0.37 AC
Zoning
None
Frontage
100’ on 7th St
Property Taxes
| Parcel Number | 40991 | Improvements Assessment | $751,012 CAD |
| Land Assessment | $109,153 CAD | Total Assessment | $860,165 CAD |
Property Taxes
Parcel Number
40991
Land Assessment
$109,153 CAD
Improvements Assessment
$751,012 CAD
Total Assessment
$860,165 CAD
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
