Documents
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Key facts
| Year Built | 1977 |
| Building Area Net |
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| Land Area Net |
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| 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
- Below Replacement Cost
- Unencumbered Asset
Similar Properties
View moreThe value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.
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