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Brazos Town Center, U.S. 59...

SuperNova Furniture Leases 40,000 SF Retail Space At Brazos Town Center In Rosenberg With Tenant Representatives Joe Silver & Chris Pitts
LEASEDRetail

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:

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

Bob Conwell

NewQuest Properties

Broker

11 deals

Broker

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