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29448195
29448199

1155 Tenaha St, Center, TX 75935

Colliers - Fort Lauderdale, Florida
Listed by Colliers - Fort Lauderdale, Florida
$3,822,585
2 days on market
Updated 2 days ago

7.35 Cap Value Add Shopping Center - Texas

Details
APN R23240
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 60,965
Units 2
Cap Rate 7.35%
NOI $280,960
Occupancy 100%
Tenancy Multi
Brand/Tenant Tractor Supply, Goodwill
Lease Type NN+
Lease Expiration 12/31/2032
Remaining Term 10
Rent Bumps Yes
Price per SqFt $63
Class B
Year Built 1978
Buildings 1
Stories 1
Acreage 5.920
Zoning Commercial
Investment Type Value Add
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No

Value Add Shopping Center - Texas

Marketing description

Tractor Supply Co. / Goodwill at 1155 Tenaha Street, Center, TX 75935 presents a compelling opportunity to acquire a dominant value-add shopping center in the heart of East Texas. This 60,965 SF necessity-based retail asset is anchored by nationally recognized tenants Tractor Supply Co. and Goodwill, both of which have recently extended their leases, reinforcing long-term commitment to the location. Positioned at a signalized intersection with strong visibility and traffic counts exceeding 5,000 vehicles per day, the property serves as a key retail destination for the surrounding trade area. In-place rents remain below market and below replacement cost, offering meaningful upside through future rent growth and lease-up potential. A new roof completed in 2024 helps minimize near-term capital expenditure risk and enhances the property’s investment appeal. With stable daily traffic driven by essential-use tenants, durable cash flow, and a strategic location within Center’s primary retail corridor, this asset offers investors an attractive blend of current income and future upside in a tax-friendly Texas market.

Investment highlights

  • Value-add retail center with growth and leasing upside

  • Located in the tax-free state of Texas, enhancing after-tax cash flow

  • Tractor Supply and Goodwill recently extended their leases, confirming long-term commitment

  • In-place rents are below market and replacement cost, providing long-term upside

  • New roof completed in 2024, limiting near-term capital expenditure risk

  • Signalized intersection with strong visibility and consistent traffic counts

  • Necessity-based tenants generating stable daily traffic and durable cash flow

Listing Contacts

Colliers - Fort Lauderdale, Florida
Listed by Colliers - Fort Lauderdale, Florida

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$280,960.00
$23,413.33/mo

Valuation Metrics

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DSCR
7.35%
Cap Rate
7.35%
ROI

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