Going Dark Brookshire’s

Price: $880,000
Sq. Ft.: 30,000
Cap Rate: 16.17%
Pro Forma Cap Rate: 27.27%
Built: 1986
Gross
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Marcus & Millichap is pleased to present the opportunity to acquire an est. 30,000-square-foot center with a going dark Brookshire Brother’s, providing a unique opportunity to acquire a stabilized center in Huntington, Texas. It is priced below the cost of replacement and has substantial cash flow to mitigate your holding cost as you work to re-tenant the space. It is 100 percent occupied with a gross lease and is priced at $35 per square-foot. The property is situated on 3.22 acres with multiple ingress and egress points in a growing retail corridor.

Main Street Retail is located on North Highway 69 which provides great visibility and exceeds 15,705 vehicles per day. The property benefits from a hard lighted corner location along with ample parking spaces. There are many national and regional tenants in the surrounding area, including Dollar General, Family Dollar, Dairy Queen, Sonic and O’Reilly Auto Parts. It is also in a dense educational area with close proximity to Huntington Elementary School, Middle School and High School.

  • Est. 30,000 Square-Foot Single Tenant Grocery Anchored Retail Center
  • 100% Occupied with a Gross Lease
  • Priced at $29 per Square-Foot | Well Below Cost of Replacement
  • Located on a Hard Lighted Corner
  • Property is Situated on a 3.22 Acre Parcel with Ample Parking Spaces
  • Accessible from Multiple Ingress and Egress Points
  • Great Visibility from North Highway 69 Exceeding 15,705 Vehicles per Day
  • National and Regional Tenants in the Surrounding Area Including Dollar General, Family Dollar, Dairy Queen, Sonic, and O’Reilly Auto Parts
  • In Close Proximity to Huntington Elementary School, Middle School and High School
  • Nearby Demographics : Average Household Income of $48,210 within 1 Mile | $50,315 within 3 Miles | $55,513 within 5 Miles
  • Located 10 miles outside of Lufkin which is the seat of Angelina County | Local Population is Projected to Grow by nearly 2,600 People over the next Five Years