Property Name

Lavaca Bay Shopping Center

Price
$
6,980,000
Occupancy
99
%
Cap Rate
8.10
%
GLA
81,898 SF
Description

Lavaca Bay is an established community center located along Texas State Highway 35, the main thoroughfare in Port Lavaca, prominently positioned at the major retail intersection in the city across the street from HEB. The Property is 99% occupied and anchored by Dollar Tree & Auto Zone. At $85.23 psf square foot to the building and an in-place 8.10% cap rate, Lavaca Bay offers a deep discount to replacement cost with significant long term upside.