Salad and Go - La Marque, TX_Property for Sale
Salad and Go - La Marque, TX_Property for Sale
3011 Farm to Market Road 1764, La Marque, TX, 77568, US

Salad and Go - La Marque, TX

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire the new Salad and Go in La Marque, TX (the “Property” or the “Asset”) within the greater Houston Metropolitan.

The Asset’s location benefits from its immediate proximity to the Emmett F Lowry Expressway & I-45 interchange which combines for more than 97,000 VPD. The newly built property is situated at the former Gulf Greyhound Park which is transforming into a major commercial corridor. Upon completion, the development will include four new restaurants, a bank, hotel, and a 12,000 seat, state-of-the-art concert venue. Across the street from the Property is a Walmart-anchored retail center which is accompanied by a plethora of national retailers which includes Sam’s Club.

Nestled along the Gulf Coast, Galveston County is booming with new developments driven by extraordinary population growth. Since 2010 alone, the Asset’s surrounding 1-mile radius has experienced a staggering population growth of 178%. Additionally, the households within that radius have average incomes exceeding $126,000 annually. Much of the growth within the region can be attributed to the thriving Galveston Port, one of the nation’s busiest hubs for shipping and logistics. The Port has propelled economic expansion in other sectors throughout the area, including tourism and healthcare.

Upon completion in June 2024, Salad and Go will operate on a 20-year absolute NNN ground lease with periodic 10% rent increases. This offering presents a unique opportunity to acquire a newly delivered Asset with a long-term lease in place in a premier growth market. 


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Attributes

Building area net
80 m²
Occupancy
100%
Year built
2024
Land area gross
0.3 ha
Number of units
1 units
WAULT
20 years

Media

Investment Highlights

  • Across the street from a Walmart anchored retail center with more than 3 million annual visitors
  • 178% population growth within 1-mile since 2010
  • Within major commercial development which will include restaurants, a bank, and a 12,000-seat state-of-the-art concert venue
  • Average annual household incomes exceeding $126,000 within 1-mile
  • New 2024 building with a 20-year absolute NNN ground lease
Salad and Go - La Marque, TX 4_Property for Sale

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Salad and Go - La Marque, TX (0 Properties)

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Last updated
16 May 2024