Listed by Fisher James Capital
$9,500,000
Lantana Center
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 38,145
Units 6
Cap Rate 6.75%
NOI $640,969
Occupancy 100%
Tenancy Multi
Brand/Tenant Mr. Gatti's Pizza, Jason's Deli
Rent Bumps Yes
Price per SqFt $249
Broker Co-Op Yes
Year Built 1997
Buildings 1
Stories 1
Acreage 3.000
Investment Type Net Lease
100% Leased Shopping Center | Scheduled Rent Growth | Shadow-Anchored by Cinemark
Marketing description
The Lantana Center is a fully leased shopping center opportunity with a diverse tenant mix, prominent signage, and scheduled rent growth. The property is anchored by Mr. Gatti's Pizza, featuring a convenient drive-thru pickup window and shadow-anchored by a 17-screen Cinermark movie theater, resulting in additional draw from a major national tenant adjacent to the property. The property benefits from dense, growing demographics, with ample residential development activity surrounding the site, as well as a high concentration of schools within a 5-mile radius, supporting consistent family- and student-driven traffic to the area.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
Investment highlights
- 100% Leased Shopping Center Opportunity with a Diverse Tenant Mix
- Anchored by Mr. Gatti's Pizza, featuring a Drive-Thru Pickup Window
- Majority of Leases Feature Rent Increases, Providing a Hedge Against Inflation
- Shadow-Anchored by a 17-Screen Cinemark Movie Theater
- Diverse and Synergistic Retail Corridor Featuring National Tenants and Neighborhood Retail Centers
- Convenient Location Near the Highly Trafficked Intersection of N 2nd Street & W Nolana Avenue (49,817 ADT)
- High Concentration of Schools Supporting Consistent Family- and Student-Driven Traffic
- Population of 622,354 within a 10-Mile Radius
- No State Income Tax in Texas
Listing Contacts
Listed by Fisher James Capital
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$640,969.00
$53,414.08/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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