SuperNova Furniture Leases 40,000 SF Retail Space At Brazos Town Center In Rosenberg With Tenant Representatives Joe Silver & Chris Pitts
Brazos Town Center, U.S. 59, Rosenberg, TX, U.S.
Building Size
40,000 SF
Asset Type
Retail
Closing
Jun 12, 2020
AI
Anchored by the Brazos Town Center, a retail property located at FM 762 and US-59 in Rosenberg, a lease agreement has been finalized. The property spans an area of 40,000 square feet and is situated in a prominent market.
Summary of transaction details:
- Property Type: Retail
- Tenant: SuperNova Furniture
- Landlord's Representative: Bob Conwell & Austen Baldridge - NewQuest Properties
- Tenant's Representative: Joe Silver & Chris Pitts - Streetwise Retail Advisors
- Date of Transaction: 06/12/2021
- Address: FM 762, US-59 - Brazos Town Center, Rosenberg
Joe Silver and Chris Pitts from Streetwise Retail Advisors represented the tenant, SuperNova Furniture, in this lease agreement. On the other side of the deal, Bob Conwell and Austen Baldridge served as the landlord's representatives, representing NewQuest Properties.
Players
Rosenberg Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93