Salad and Go - La Marque, TX

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.