310 University Drive

College Station, TX

View Offering Memorandum

Two Tenant NNN Leased Retail Center

Summary

  • Sales Price $2,847,000
  • NOI $149,506
  • Cap Rate 5.25%
  • Occupancy 100%

OLDHAM GOODWIN is pleased to present 310 University Drive for your consideration. This 3,200 SF, two-tenant, NNN leased property is situated on truly irreplaceable real estate on block from Texas A&M University. Texas A&M is the second largest University in the United States, with over 70,000 students enrolled. Situated at the hard corner of a lighted intersection, the property benefits from excellent visibility and a coveted University Drive address. Tropical Smoothie Café and Pepperoni’s occupy the property with new 10 year leases, with built in rent escalations and multiple renewal options.

Property Highlights

New construction 1 block from Texas A&M University

Irreplaceable location, high barrier to entry market with coveted University Drive address

Dense population in the immediate area and incredible day time population

Texas A&M is the largest University in the state of Texas, with over 65,000 students and more than 15,000 faculty and staff

Rapid redevelopment in the immediate area

100% occupied with NNN leases

Brand new 10 year NNN leases, passive investments with little Landlord responsibility

Ten percent rent increases every 5 years, multiple extension options

Tropical Smoothie is a privately held company with over 1,000 locations across 45 states

Pepperoni’s has been in business for over 30 years and currently operates 16 locations
Well positioned property, great daytime population and visibility

Located walking distance to Bryan-College Stations highest density of student housing, hotels, and restaurants

Great curb appeal, situated at hard corner lighted intersection with exposure of over 47,000 cars per day

Located directly in dense redevelopment path along University Drive

Business friendly environment

Texas is consistently ranked highly for its business environment and strong economy

Bryan-College Station community consistently ranked highly for its growth, housing marketing, and economy

Texas has no State Income Tax

Easy access and excellent visibility

Location

Sales

Brokerage Team

Clinton D. Oldham

Clinton D. Oldham

Executive Vice President
Oldham Goodwin Group, LLC
O: (979) 268-2000
D: (979) 977-6081
C: (409) 781-7734
Shelby Krause

Shelby Krause

Transactions Manager | Brokerage Services
Oldham Goodwin Group, LLC
O: (979) 268-2000
D: (979) 977-7649
C: (979) 324-6787
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