2702 W Bay Area Blvd, Webster, TX, 77598, US

Baybrook Village

Asset Description

As an exclusive representative of the Seller, JLL is pleased to present the opportunity to purchase Baybrook Village, a 278,760 SF center located in the thriving Houston submarket of Webster, TX. Renovated in 2020, the Property features a premier lineup of essential and e-commerce resistant tenants, including Ross, Burlington, and PetSmart, with the ability to spin off three single-tenant pads.

Situated less than one mile from I-45, the Property offers unparalleled accessibility and serves an expansive trade area. Within a 7-mile radius, there is a total population of 355,581 people and average household income of $127,156.

The center presents a Class A shopping experience while still providing buyers the opportunity to generate value-add returns via a mix of lease-up and contractual rent increases. The center benefits from highway access & direct connectivity to Baybrook Mall, the #2 trafficked mall in the state of Texas.

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Attributes

Building area Net

277,588 sf

Occupancy

96.00%

Year built

1991

Media

Investment Highlights

Quick connectivity to all of southeast Houston
Attractive national credit net leased pads
Landlord flexibility: ability to replace Pottery Barn at market rent per Landlord recapture right
Immediate connection to Baybrook Square & Baybrook Mall
100% of Property Income is represented by National / Regional tenants
Commerce center of southeast Houston: serving over 211,300 people within a 5-mile radius