Investment Overview

Summary

  • Sales Price $1,675,000
  • NOI (Pro Forma) $147,178
  • Cap Rate (Pro Forma) 8.41%
  • Occupancy 68%

Oldham Goodwin is pleased to present Southwood Plaza, an 8,000 SF value-add retail strip in College Station, TX, for your consideration. Southwood Plaza is anchored by one of the most visited Walmart locations in Texas, and benefits from other strong daytime demand drivers. Currently 68% occupied, with below market rents, the property presents a value-add purchase opportunity for investors, as well as an owner-occupant opportunity at a significantly below replacement cost.

Key Facts

  • — Shadow anchored by the most frequently visited Walmart in the region
  • — Less than 2 miles from Texas A&M University
  • — Texas A&M University is the largest university in the state of Texas with over 65,000 students and more than 15,000 faculty and staff
  • — Opportunity to increase income through lease up of vacancy, currently 68% occupied.
  • — Two vacant suites, recently occupied by Farmers Insurance and Extraco Bank are close to move in ready for office/service users.
  • — Current rents average $17.50/SF, competitive advantage for tenant retention.
  • — Below market rents present opportunity for upside.
  • — 5 Mile population in excess of 150,000
  • — Located near the heavily trafficked intersection of Harvey Mitchell Parkway (32,252 VPD) and Texas Avenue (32,108 VPD)
  • — Area retailers include Walmart, McDonald’s, Schlotzsky’s, Tractor Supply Co, Kroger, CVS, and Auto Zone
  • — Close proximity to the Baylor Scott and White Medical Center, and St Joseph Health - College Station Hospital
  • — Bryan/College Station voted #1 Best small places for Business in Texas.
  • — Bryan/College Station has the highest job growth rate in Texas for mid-sized Metro areas.
  • — Texas is consistently ranked highly for its business-friendly environment and strong economy
  • — Texas has no State Income Tax