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Virtual Drive-By

T-Mobile NNN Multi-tenant

161 SH-35 S · Alvin, TX 77511 · Specialty Retail

Asking price
$3,727,326
Cap rate
6.00%
NOI
$223,640

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeNNN
Term remaining—
Expiration—
Rent bumps—
Options—
Ground leaseNo
Credit profileCredit Rated
TenancyMulti

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF9,897
Price / SF$377
Year built2010
Lot size0.85 ac
TypeShopping Center
Days on market26

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​National Credit Tenants: Property anchored by T-Mobile, Marco's Pizza, and Leslie's Pool Supplies - all nationally recognized brands with strong credit profiles
  • ​Stable Income Stream: Long-term leases with staggered expiration dates providing predictable cash flow and reduced rollover risk
  • ​Strong Occupancy: Property maintains high occupancy with established tenants and proven operating history
  • ​Triple Net (NNN) Leases: Tenants responsible for proportionate share of property taxes, insurance, and CAM expenses
  • ​Growing Houston Metro Market: Alvin, TX benefits from proximity to Houston's expanding economy and population growth
  • ​Attractive Cap Rate: 6.0% capitalization rate offers solid yield in current market environment

Property overview

Alvin Crossing is a multi-tenant retail strip center located in Alvin, TX, offering a stable income stream with national credit tenants including T-Mobile, Marco's Pizza, and Leslie's Pool Supplies.​ The property benefits from high visibility on SH-35 and maintains 100% occupancy with long-term leases featuring staggered expiration dates.​ The triple net lease structure provides predictable cash flow with tenants responsible for their proportionate share of property taxes, insurance, and CAM expenses.​ The property is well-positioned in the growing Houston Metro market, offering an attractive 6.0% capitalization rate for investors seeking solid yield in the current market environment.​

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.