Tropical Smoothie & UPS Value-Add Strip Center
Tropical Smoothie & UPS Value-Add Strip Center | 12,770 SF | High-Growth Submarket | Roanoke, TX (DF
Marketing description
Tropical Smoothie & UPS Value-Add Strip Center is a 2021 construction, 12,770 SF retail center fronting U.S. Highway 377 in the Dallas Forth Worth submarket of Roanoke, Texas. The Property is Currently leased at 39.33% with Tropical Smoothie Cafe on a 10-year lease for the 1,643 square foot drive-thru end cap, and Mirra Periodontal & Implant Center and The UPS Store in middle spaces. The Property offers upside potential through leasing the remaining 7,747 square feet of space, with 3,728 square feet of space (demisable) on the end cap. Tropical Smoothie & UPS Value-Add Strip Center benefits from strong fundamentals with its frontage to U.S. Highway 377, masonry veneer, stucco, and aluminum-framed glass storefront systems with double entry door facades, drive-thru end cap (Tropical Smoothie Cafe), highly visible two-sided monument sign, shallow-bay depth and ample parking and multiple ingress/egress points of entry. Over 1.3 million square feet of retail exists in a 2-mile radius of Tropical Smoothie & UPS Value-Add Strip Center with surrounding area retailers including Starbucks, Planet Fitness, The Home Depot, PetSmart, Whataburger, & McDonalds amongst others.
Investment highlights
2021 Construction, 12,770 SF Value-Add Retail Center Opportunity on HWY 377 in the Affluent DFW Submarket of Roanoke, TX
39.33% Leased to Tropical Smoothie Café (Drive-Thru End Cap), UPS & Mirra Periodontal & Implant Center; Immediate Upside Potential in Leasing the Remaining 7,747 SF (60.67% of GLA)
Tropical Smoothie Café (DYNE Hospitality Group) Largest Tropical Smoothie Café Franchisee with 124 Locations Across TX, OK, KS, AK, MO, AL, GA & FL
U.S. Highway 377, a Primary North/South DFW Thoroughfare with Connections to State Highway 114 & Highway 170
Affluent Submarket with Average Household Income Exceeding $119,900 & $192,700 within a 1 & 3-Mile Radii
Over 1.3 MM SF of Retail GLA & 17.5 MM SF of Industrial GLA in a 2-Mile Radius
Nearby National Tenant Retailers Include Starbucks, Planet Fitness, The Home Depot, PetSmart, Whataburger, & McDonalds Amongst Others
Adjacent Significant Developments Include Circle T Ranch, a Master-Planned Community Featuring Over 800-Acres of Corporate Campus & 1,700-Acres of Open Space; Charles Schwab HQ (1.1 MM SF Office Space & 6,000 Employees); Liberty Mutual Campus (1.2 MM SF); Fidelity Investments (450K SF); & Deloitte University (1.3MM SF)
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