Property Summary

 

LOCATION:

6303-6327 Stewart Rd.

Galveston, TX 77551

YEAR BUILT:

1970

GROSS LEASABLE AREA:

151,905 SF

LAND AREA:

14.47 Acres

OCCUPANCY:

84.5%

PARKING:

470 Spaces (3.09/1,000 SF)

TRAFFIC COUNTS:

Stewart Rd: 23,670 VPD

61st. Street: 23,369 VPD

Investment Highlights

  • Diverse Rent Roll of National and Regional Retailers - Ross, Five Below, Shoe Dept. Encore, UPS, AT&T and the highest performing Whataburger in the Region
  • Opportunity to Add Value Via Lease-Up - 84.5% Leased in a desirable retail and recreation hotspot
  • Premier Texas Tourist Destination - 6.5 million annual visitors and more than 2,100 hotels and other lodging accommodations  
  • Permanent Retail Location - Located at the dominant main and main retail intersection at 61st & Stewart Road.
  • Resilient Retail Market - 10-year average occupancy of 94.4% occupied and is currently 95.6% occupied

INVESTMENT ADVISORS

RYAN WEST 

Senior Managing Director

+ 1 713 852 3535

ryan.west@jll.com  

TX License #47856 

JOHN INDELLI

Director

+ 1 832 547 1970

 john.indelli@jll.com   

BAILEY BLACK

Analyst

+ 1 713 852 3573

bailey.black@jll.com   

SHERRI ROLLINS

Analyst

+ 1 713 852 3573

sherri.rollins@jll.com   

FINANCE ADVISOR

MICHAEL KING

Director

+ 1 713 852 3476

michael.king@jll.com