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Abner Way Shopping Center 502 This Way 10,876 SF 100% Leased Retail Building Lake Jackson, TX 77566 $2,755,866 CAD ($253.39 CAD/SF) 6.35% Cap Rate



Investment Highlights
- Upside in renting out last vacancy
- 60+% of GLA are national brands, anchored by Davita, First Franklin Financial, and Acrisure
- Property sits on Signalized Hard Corner
- Property sits across from DOW Chemical
- Roof Replaced in 2016
- Adjoining vacant land available for purchase [potential expansion] for $295,000
Executive Summary
Located at 504 This Way in Lake Jackson, Texas, this 10,876 SF
shopping center presents an attractive investment opportunity
in a well-established and economically diverse market.
Positioned on a signalized hard corner directly across from Dow
Chemical, one of the region’s largest economic drivers, the
property benefits from excellent visibility, accessibility, and a
strong surrounding employment base.
The property is strategically located just off Highway 288, with
approximately 22,000+ vehicles per day (VPD) traveling along
This Way. Its prominent corner position provides convenient
access for both local residents and the substantial workforce
employed throughout the Lake Jackson trade area.
Lake Jackson benefits from its location within Brazoria County,
while remaining within easy reach of the greater Houston
metropolitan area. The community is supported by a stable
employment base led by major employers such as Dow Chemical,
creating consistent demand from residents, professionals, and
surrounding businesses.
The property features a strong tenant profile, with more than
60% of the GLA occupied by national brands, including DaVita,
First Franklin Financial, and Acrisure. All leases are structured on
a triple-net (NNN) basis, providing investors with a favorable
expense structure.
The property also offers a clear path to additional value through
the lease-up of the remaining vacancy, with the potential to
increase cash flow and drive the property toward an 8%+ pro
forma capitalization rate.
shopping center presents an attractive investment opportunity
in a well-established and economically diverse market.
Positioned on a signalized hard corner directly across from Dow
Chemical, one of the region’s largest economic drivers, the
property benefits from excellent visibility, accessibility, and a
strong surrounding employment base.
The property is strategically located just off Highway 288, with
approximately 22,000+ vehicles per day (VPD) traveling along
This Way. Its prominent corner position provides convenient
access for both local residents and the substantial workforce
employed throughout the Lake Jackson trade area.
Lake Jackson benefits from its location within Brazoria County,
while remaining within easy reach of the greater Houston
metropolitan area. The community is supported by a stable
employment base led by major employers such as Dow Chemical,
creating consistent demand from residents, professionals, and
surrounding businesses.
The property features a strong tenant profile, with more than
60% of the GLA occupied by national brands, including DaVita,
First Franklin Financial, and Acrisure. All leases are structured on
a triple-net (NNN) basis, providing investors with a favorable
expense structure.
The property also offers a clear path to additional value through
the lease-up of the remaining vacancy, with the potential to
increase cash flow and drive the property toward an 8%+ pro
forma capitalization rate.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Building Size
10,876 SF
Building Class
B
Year Built/Renovated
1997/2016
Price
$2,755,866 CAD
Price Per SF
$253.39 CAD
Cap Rate
6.35%
NOI
$174,997 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.03 AC
Parking
52 Spaces (4.78 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,176,521 CAD | |
| Land Assessment | $1,044,264 CAD | Total Assessment | $3,220,785 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,044,264 CAD
Improvements Assessment
$2,176,521 CAD
Total Assessment
$3,220,785 CAD
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Abner Way Shopping Center | 502 This Way
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