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31433140
31433141

110 U.S. 287 Frontage Rd, Mansfield, TX 76063

MA
TX 609364
CBRE Dallas Park Lane
JA
TX 586069
CBRE Dallas Park Lane
Listed by CBRE Dallas Park Lane
$5,087,000
66 days on market
Updated 5 days ago

HWY 287 Retail

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 9,858
Units 5
Cap Rate 6.25%
NOI $317,907
Occupancy 100%
Tenancy Multi
Year Built 2019
Buildings 1
Acreage 2.170
Ground Lease No

HWY 287 Retail | Across from the 8th Most Visited H-E-B | Long-Term NNN Leases | Mansfield, TX

Marketing description

100% Occupancy with Long-Term Triple Net Leases – Allows an investor to have limited landlord responsibilities and ease of management

Directly Across from 8th Most Visited H-E-B – Ranks in top 3% of all H-E-B locations in terms of visitor counts with 3.5 million annual visits (Source: Placer.ai)

High Quality Construction on 2.17 Acres – Features easy ingress/egress with ample parking in the front and rear of the center

Features Excellent Highway Access and Visibility with Strong Traffic Counts – Directly off Hwy 287 (60,113 VPD) and E Broad Street (29,174 VPD) (Source: CoStar Analytics)

Densely Developed Residential Market with Ideal Consumer Demographics – There are over 258,772 residents within a 7-mile radius of the property with an average household income of $134,835 (Source: CBRE Analytics)

Listing Contacts

MA
TX 609364
CBRE Dallas Park Lane
JA
TX 586069
CBRE Dallas Park Lane
Listed by CBRE Dallas Park Lane

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$317,907.00
$26,492.25/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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