Airport Plaza
Grocery (ALDI) Anchored Center - Across from Walmart - Below Market Rents - 100% Occupied
Marketing description
Airport Plaza is a 100% occupied grocery (ALDI) anchored shopping center located across from the Walmart Supercenter in Mount Pleasant, TX. All of the leases are NNN and the property contains a healthy layout of historically strong tenants. 6 of the 10 tenants have been at the property for over 10 years. 3 of the those tenants have been at the property for over 20 years which shows commitment to the property and the strength of the local retail market. The tenants that report sales reflect extremely high store sales. Situated on 4.36 acres of land, the property was constructed in 1984.
At only $126/SF to purchase and low rental average of $9.56/SF, this property is a rare opportunity to acquire a grocery anchored shopping center with an extremely wide consumer reach. This property is located in the only major retail trade corridor in 56 miles which makes consumers heavily reliant on this shopping center. In a 56 mile radius, there is a population of over 650,000. It is located on Jefferson Ave, a high traffic area of East TX with over 25,000 vehicles per day. It’s also located not far from I-30 which has over 28,000 vehicles per day.
Investment highlights
- ALDI Anchored Shopping Center in Mount Pleasant, TX
- Low Price PSF – Only $126/SF
- High Sales Performing Tenants
- Located Right Across the Street from a Top Performing Walmart Supercenter which Drives a Core Amount of Traffic to the Center
- Brand New HTeaO Built on an Out Parcel
- Local Tenants include Walmart, Home Depot, Whataburger, Starbucks, Aspen Dental, Verizon, Chili’s, Dollar Tree, Marshalls, Panda Express, McDonalds, Tractor Supply, HTeaO, Pizza Hut, Chick-fil-A, Chicken Express, Goodwill, and Many More
- Low Rent/SF – Average Rent is $9.56/SF
- Massive Reach for Retail – This Shopping Center is in One of the Only Retail Trade Areas for 56 Miles in East Texas. Many Consumers Rely off The Goods and Services Provided in this Retail Trade Area
- Dense Thoroughfare – Over 25,000 Vehicles Per Day Drive in Front of the Center (S Jefferson Ave) and over 28,000 VPD on I-30
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
