Listed by Marcus & Millichap - Dallas, Marcus & Millichap - Austin
$8,440,000
Shops of Greenwood
Details
Property Type Mixed Use, Retail
Sub Type Convenience Store, QSR/Fast Food
Square Footage 42,345
Net Rentable (SqFt) 42,345
Cap Rate 10%
NOI $843,652
Occupancy 85%
Tenancy Multi
Brand/Tenant Subway, Liquor Store
Lease Type NNN
Rent Bumps Yes
Lease Options See OM
Pro-Forma Cap Rate 12.31%
Pro-Forma NOI $1,038,902
Price per SqFt $199
Year Built 2017
Year Renovated 2020
Buildings 5
Acreage 4.330
Ownership Fee Simple
86% Occupied | Value-Add Retail Center | Newer Construction | 10.00% CAP | 42,345 SqFt
Investment highlights
86% Occupied Retail Center | 49% of the GLA has NNN Leases
Value-Add Newer Construction with Upside on Lease-Up
Tenant Base is a Complementary Mix of Internet-Resistant, Service-Oriented Businesses and Restaurants
Comprised of Five Buildings Situated on 4.33 Acres of Land
Buildings Feature Metal Roofs and Awnings | Three Suites have Drive-Thru Windows
Located on FM 307 | Traffic Counts Are Approximately 10,111 Vehicles Per Day
Extremely Affluent Surrounding Area | Average Household Income within One Mile is $170,505
Close Proximity to New Residential Developments Including Vander Ranch by DR Horton, Silver Leaf Homes and Saddleback Estates
Neighboring Tarzan & Jane Travel Center with HTeaO and Valero Completed in 2024
Listing Contacts
Listed by Marcus & Millichap - Dallas, Marcus & Millichap - Austin
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$843,652.00
$70,304.33/mo
Valuation Metrics
0
DSCR
10%
Cap Rate
10%
ROI
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