19801 Gulf Fwy, Webster, TX, 77598, US

Center at Baybrook

Attributes

Building area gross

33,801 m²

Land area gross

22 ha

Occupancy

79%

Year built

1984

Parking spaces

1,732

Asset Description

JLL is pleased to present Center at Baybrook, a 363,830 Power Center located along I-45 in Webster, TX, with approximately 127,200 VPD. This investment holds a prime location within one of the most sought-after retail corridors/nodes in the state of Texas. The property offers high visibility, significant foot traffic, and strong consumer demand. Comprising three separate pad buildings, each with its own individual space and revenue potential, the property provides leasing flexibility and the opportunity for multiple income streams. With current vacancies and below-market rents, there exists significant upside potential for lease-up and rental rate adjustments, maximizing returns on investment.

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Investment Highlights

Potential to Develop: 9.7 Acres of land attached to the site

Retail Corridor: Benefits from 127,200 VPD along I-45 and is situated within a mile of Baybrook Mall, the #2 trafficked mall in the state of Texas

Recent Lease Activity: Recent 15YR lease signed with EOS fitness for 53,829 SF

Mark to Market Opportunity: Near term lease expirations with rents significantly below market