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Tanglewood Square

Unpriced

3602 Houston Hwy, Victoria, TX 77901

Cap Rate

Square Feet

11940

Year Built/Renovated

1983

INVESTMENT HIGHLIGHTS

• Value-Add Potential Through Leasing Vacancies and Raising Below Market Rents or Converting Gross Leases to Triple-Net Leases

• Located at Signalized, Hard Corner of Two Major Thoroughfares

• Prime Location Near Walmart Supercenter, University of Houston-Victoria, and Citizens Medical Center

• Proximity to Nearby Retailers, Including Starbucks, Whataburger, and Dollar Tree

• Long Term Lease: China Inn Restaurant, who occupies the elbow space, originally commenced in 1994.

• Increased Foot Traffic From Two Fuel Pumps

PROPERTY DESCRIPTION

Marcus & Millichap is pleased to exclusively offer for sale Tanglewood Square, a 11,940-square-foot shopping center located at the signalized, hard corner of Houston Highway (US-59T) and Sam Houston Drive.

Tanglewood Square is 83 percent occupied. An investor could add value by leasing the two vacant units and raising below market rents or converting gross leases to triple-net leases.

The property is in a strategic location near a newly constructed Walmart Supercenter, University of Houston-Victoria, and Citizens Medical Center. Nearby retailers include Starbucks, Whataburger, and Dollar Tree.

Scott Jones

ASSOCIATE INVESTMENTS
713-452-4359

Gus N. Lagos

SENIOR MANAGING DIRECTOR INVESTMENTS
gus.lagos@marcusmillichap.com
713-452-4257

Alex Wolansky, CCIM

MANAGING DIRECTOR INVESTMENTS
713-452-4292
EXCLUSIVELY
LISTED BY
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