Retail

Northcross Shopping Center - Victoria

5106-5319 N Navarro St Victoria, Texas United States 77904-2023
Asking Price
Area Size
NOI Net Operating Income
Cap Rate

Documents

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Key facts

Year Built 1977
Building Area Net
Land Area Net ()
Rentable Area
Occupancy 91.0 %

Property 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.

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 
Last Updated Date: 16 Sep 2022

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Last Updated Date: 16 Sep 2022

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