Retail
Under Contract

Northcross Shopping Center - Victoria

5106-5319 N Navarro St, Victoria, TX, 77904-2023, US

Executive Summarydownload
Northcross Shopping Center - Victoria_Property for Sale

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Asset description

Jones Lang LaSalle (“JLL”) is pleased to present the opportunity to acquire Northcross Shopping Center (the “Property” or “Northcross”), a 206,284 square foot shopping power center located in Victoria, Texas. The Property is 91% leased and features a super-regional trade area and strong national tenancy anchored by strong national tenants and located at the intersection of N. Navarro Street (40,573 VPD) and Sam Houston Drive, along the dominant retail and commercial corridor in Victoria. N. Navarro drive is the main North and South thoroughfare and connects Victoria to the surrounding highly populated cities. Northcross is being offered unencumbered and allows investor the opportunity to purchase a dominant regional retail center with significant future upside.

Attributes

Asking Price
$19,300,000
Building area Net
206,284 sf
Occupancy
91.00%
Year built
1977
Land area Net
15.90 acres (692,604 sf)

Investment highlights

  • Durable Cash Flow / Strong National Tenancy 
  • Located on main throughfare of Victoria
  • Value-Add Opportunity 
  • Pricing ($94 PSF) Below Replacement Cost
  • Unencumbered Asset 

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Last updated
Nov 30, 2022