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Bay City Shopping Center 4500 7th St

23,084 SF 95% Leased Retail Building Bay City, TX 77414 £3,631,451 (£157/SF) 8% Net Initial Yield

Investment Highlights

  • 23,084-Square-Foot, Multi-Tenant Retail Center | Shadow-Anchored by Walmart Supercenter
  • Anchored by Hibbett Sporting Goods and CATO | Tenant Base is Complementary Mix of Largely Internet-Resistant and Service-Oriented Businesses
  • 100% Leased | All Leases are Triple-Net | 67% of the Gross Leasable Area has National Credit Tenants

Executive Summary

Marcus & Millichap is pleased to offer the opportunity to acquire a 23,084-square-foot, multi-tenant retail center located in Bay City, Texas. Bay City Shopping Center is currently 100 percent leased, and all leases are triple-net. Anchored by Hibbett Sporting Goods and CATO, the tenant base is a complementary mix of internet-resistant, service-oriented businesses, including AT&T, Yamato Hibachi & Sushi, The Cash Store, Sally's Beauty Supply, Luxury Nails, and Subway. Constructed in 2008, the property is situated on a 2.81-acre parcel with ample concrete parking.
Bay City Center is located on 7th Street (State Highway 35) near the signalized intersection with Sargent Drive. Traffic counts in front of the property exceed 21,767 vehicles per day. Bay City Shopping Center is shadow-anchored by Walmart Supercenter and near other national and regional retailers, including Pizza Hut, H&R Block, Tractor Supply Co., Rent-A-Center, Ace Hardware, Burkes Outlet, Chili's, Family Dollar, Dairy Queen, T-Mobile, Starbucks, Verizon, The First State Bank, H-E-B grocery store, Aaron's, Dollar Tree, Little Caesars Pizza, Jack in the Box, EZ Pawn, Napa Auto Parts, AutoZone, McDonald's, O'Reilly Auto Parts, and many more. The subject property is in close proximity to multiple national hotel chains, including Holiday Inn, La Quinta, Candlewood Suites, and Comfort Inn, providing additional traffic to the area. The average household income is $78,090 within one mile; $72,664 within three miles; and $71,673 within five miles.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
23,084 SF
Building Class
B
Year Built
2008
Price
£3,631,451
Price Per SF
£157
Net Initial Yield
8%
NOI
£290,516
Percent Leased
95%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.19
Lot Size
2.81 AC
Zoning
Commercial - Commercial
Parking
134 Spaces (6.7 Spaces per 1,000 SF Leased)

Nearby Major Retailers

Woodforest National Bank
Anytime Fitness
ColorTyme
Rent-A-Center
Chili's Grill & Bar
United Rentals
Starbucks
La Michoacana Meat Market

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20211
Land Assessment
£219,916
Improvements Assessment
£1,361,721
Total Assessment
£1,581,637
  • Listing ID: 32030002

  • Date on Market: 05/06/2024

  • Last Updated:

  • Address: 4500 7th St, Bay City, TX 77414

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