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Santa Fe Center
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For Information, contact
Andy Hsu

Tel: 713-414-5529
Fax: 713-490-3189
Address: 828 FM 646 W, League City, Texas
Country: Galveston
Building Area/Units: 12,600 SF
Lot Size: 1.3737 AC
Price: $5,120,000
Price/SF: $406.35
Cap Rate: 7%
Occupancy Rate: 100%
Year Built: 2017

Property Description:
Across from the acclaimed Beacon Lakes Golf Course in League City, Galveston County, Texas, the newly construction 12,600 SF Santa Fe Center has a frontage along the busy FM 646 in booming League City. Only 4,000 Feet from the I-45. Easy access major thoroughfare. Subject property is phase I of the 71,464 SF, 4-building, mixed used project. 100% occupied by 4 tenants. Anchor tenant, King\'s Bier Haus is a multiple location, German & American hybrid casual restaurant with a full-service bar, over 35 beers on tap, and an outdoor Biergarten. League City has experienced exponential growth in population, commercial constructions, and residential developments. League City residents also enjoyed a higher satisfaction of the quality life the city offers. A 2019 survey indicates that 91 percent are satisfied with the quality of life in League City. League City rated 23 percent above the U.S. average and 25 percent above the Texas average in the overall quality of government services.

King's Bier Haus has a exclusive, 10-year gross rent lease with three 3-year fixed rent options. All other leases are NNN

Location Description:

Financial Summary (Pro Forma)
Effective Gross Income: $434,016
Maintenance: $75,600
Taxes: $
Insurance: $
Total Expenses: $75,600
Net operating Income: $358,416
Major Tenants
Debt&Financial Information

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