x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Contact Us

x

Market at Ravenwood, Huntsville, TX

Market at Ravenwood

TX ,

Price $8,100,000
Cap Rate
NOI
Lease Term Various
Lease Type Net, With Tenants Responsible For All Taxes, Insurance, And Maintenance, Excluding Roof, Structure, And Parking Lot
Rental Increases Various
Year Built 2016
Building Size 16,477 SF
Lot Size 2.4362 Acres (106,121 SF)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

100% LEASED MULTI-TENANT RETAIL CENTER
» 100% leased multi-tenant retail asset featuring iconic corporate tenants
» Multi-tenant asset allows for investment diversification
» Scheduled rental increases for all leases, providing a hedge against inflation
» Complimentary mix of “Amazon-proof” retailers
» Located in an income tax free state

MAJOR INTERNATIONAL TENANTS
» The McAlister’s brand has over 500 restaurants in 28 states and has been awarded numerous industry accolades for its service, atmosphere, and customer satisfaction
» Wells Fargo & Company (NYSE: “WFC”) is a leading financial services company that has approximately $1.9 trillion in assets
» With approximately 5,000 locations across North America, The UPS Store network comprises the nation’s largest franchise system of retail shipping, postal, print and business service centers
» Sport Clips’ 1,850+ locations are spread across all 50 states and five Canadian provinces

STRATEGIC INFILL LOCATION IN TEXAS SUBMARKET
» Located along Interstate 35 (31,000 AADT)
» Infill location shadow-anchored by Walmart Supercenter and Ravenwood Village, greatly increasing traffic to the site
» One mile from Sam Houston State University (20,477 students, 3,817 employees, $63 million annual economic impact)
» Surrounded by a strong mix of local and national retailers, including Target, The Home Depot, Marshalls, Academy Sports + Outdoors, Petco, ALDI, Kroger, and many more
» Population of 46,117 within a five-mile radius of the site
» Projected 10 percent average annual household income increase within five miles of the site in the next five years


Property Description

SOLD
This multi-tenant site is strategically located along Interstate 35 (31,000 AADT), a north-south thoroughfare that traverses the entirety of Huntsville. The property is an infill location shadow-anchored by Walmart Supercenter and Ravenwood Village, greatly increasing traffic to the location. The property is located one mile from Sam Houston State University, one of Huntsville’s main community hubs and economic drivers (20,477 students, 3,817 employees, $63 million annual economic impact).

Visibility is increased by the site’s location surrounded by a strong mix of local and national retailers, including Target, The Home Depot, Marshalls, Academy Sports + Outdoors, Petco, ALDI, Kroger, and many more. With a projected 10 percent average annual household income increase within five miles of the site in the next five years, Market at Ravenwood and Huntsville are poised for concurrent growth.

Contact Us About This Property

JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link