Cushman & Wakefield’s Retail Investment Advisors are pleased to present the exclusive offering of Texas City Bay (the “Property”), a 224,884-square-foot, grocery anchored community center located in the rapidly growing Texas City submarket within the Houston MSA.
Currently 91.6% leased, Texas City Bay is anchored by a high-performing Kroger with a healthy 2.1% occupancy cost ratio. The center also features a strong co-anchor lineup, including a newly signed Burlington, Harbor Freight, and Planet Fitness. These national tenants represent 66% of the GLA and 55% of total revenue.
There is a compelling value-add opportunity through the lease-up of 18,954 SF across six small shop vacancies and the ability to mark-to-market over 35,000 SF of under market small shop leases, currently ~27% below market rent.
Seller also selling Spencer Square. See additional listing here.
Seasoned and High Performing National Grocer Anchored Community Center:
High Quality Tenant Mix:
Upside Potential:
Stable Cash Flow with Healthy Growth:
Strong Consumer Traffic:
Premier Location:
Expansive Trade Area:
High Growth Submarket (Texas City):
Institutionally Maintained and Managed: