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616-624 Marina Bay Dr 6,775 SF 100% Leased Retail Building Kemah, TX 77565 $2,071,800 CAD ($305.80 CAD/SF)

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Investment Highlights

Canal access with water views and outdoor seating area in all units.
100% leased with a low property tax rate

In the heart of the Clear Lake Shores/Kemah entertainment area.

Executive Summary

Multi-Tenant/Building, high visibility waterfront center located in the entertainment area of Clear Lake Shores/Kemah. 100% leased to 5 strong tenants. Low Property Tax Rate of 1.48% and minimal maintenance expense provides maximum cash flow. Gross leases with multi-year term lengths. Includes leased Billboard. High average household incomes with very strong population growth. Canal access with water views and outdoor seating area in all units.

00-624 Marina Bay Brochure- FINAL- 12.3, 245pm

Financial Summary (Pro Forma - 2026)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$187,843	$27.73
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$187,843	$27.73
Taxes	$21,599	$3.19
Operating Expenses	$58,810	$8.68
Total Expenses	$80,409	$11.87
Net Operating Income	$107,434	$15.86

Financial Summary (Pro Forma - 2026)

Gross Rental Income (CAD)
Annual	$187,843
Annual Per SF	$27.73

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$187,843
Annual Per SF	$27.73

Taxes (CAD)
Annual	$21,599
Annual Per SF	$3.19

Operating Expenses (CAD)
Annual	$58,810
Annual Per SF	$8.68

Total Expenses (CAD)
Annual	$80,409
Annual Per SF	$11.87

Net Operating Income (CAD)
Annual	$107,434
Annual Per SF	$15.86

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront

Building Size

6,775 SF

Building Class

Year Built

1969

Price

$2,071,800 CAD

Price Per SF

$305.80 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.26

Lot Size

0.59 AC

Parking

26 Spaces (3.83 Spaces per 1,000 SF Leased)

Frontage

164’ on Marina Bay Drive

Pylon Sign
Signage

Waterfront

Recessed Lighting

Air Conditioning

Major Tenants

BILLBOARD SIGN
Information
825 SF
$80.36 CAD
Full Service
Dec 2028

COCO'S ON THE CANAL
Arts, Entertainment, and Recreation
2,275 SF
$29.88 CAD
Modified Gross
Aug 2029

FORBES HEVER & WALLACE
Retailer
1,176 SF
$26.78 CAD
Modified Gross
Feb 2027

NAUTI BUOY
Accommodation and Food Services
1,176 SF
$26.78 CAD
Modified Gross
Sep 2028

SALON RENEW
Services
2,076 SF
$23.95 CAD
Modified Gross
Aug 2026

Tenant	Industry	SF Occupied	Rent/SF	Lease Type	Lease End
BILLBOARD SIGN	Information	825 SF	$80.36 CAD	Full Service	Dec 2028
COCO'S ON THE CANAL	Arts, Entertainment, and Recreation	2,275 SF	$29.88 CAD	Modified Gross	Aug 2029
FORBES HEVER & WALLACE	Retailer	1,176 SF	$26.78 CAD	Modified Gross	Feb 2027
NAUTI BUOY	Accommodation and Food Services	1,176 SF	$26.78 CAD	Modified Gross	Sep 2028
SALON RENEW	Services	2,076 SF	$23.95 CAD	Modified Gross	Aug 2026

1 1

Aerial
Map
Traffic

616-624 Marina Bay Dr, Kemah, TX - Aerial map view - Image1

616-624 Marina Bay Dr, Kemah, TX - Aerial map view - Image2

616-624 Marina Bay Dr, Kemah, TX - Aerial map view - Image3

616-624 Marina Bay Dr, Kemah, TX - Aerial map view - Image4

Fairly walkable

50/100

Exceptionally drivable

100/100

Fairly bikeable

40/100

Source: Local Logic^®

Property Taxes

Parcel Number	4595-0000-0000-003	Total Assessment	$1,312,128 CAD (2025)
Land Assessment	$477,355 CAD (2025)	Annual Taxes	$21,599 CAD ($3.19 CAD/SF)
Improvements Assessment	$834,773 CAD (2025)	Tax Year	2026