Texas Star Plaza
STABILIZED SHOPPING CENTER | 7.58% CAP | 11,660 SqFt
Marketing description
Secure Net Lease, as the exclusive listing broker and marketing advisor, is pleased to present the offering of Texas Star Plaza: a 11,660 SF, 9-tenant shopping center with multiple access points located in the dynamic Cedar Hill submarket.
Texas Star Plaza is strategically located at the hard corner of Belt Line Rd. and Clark Rd., just off the highly trafficked Hwy 67. It was built in 2007 and is occupied by a host of local and national complimentary tenants.
The Shopping Center has great exposure and access from Hwy-67 as well as strong vehicle and foot traffic. The center enjoys proximity to National Retailers such as Best Buy, Hobby Lobby, Marshall's, Ross, Sprouts, Walmart, Target, Dick's Sporting Goods, Kroger, Burlington, The Home Depot, Kohl's, Dillard's, and many other industry leading tenants.
The offering of Texas Star Plaza is a unique opportunity to acquire a stabilized, multi-tenant retail property in a continuously growing and highly sought after family-oriented submarket with low vacancy and appreciating rents.
Investment highlights
- STRONG TENANT RETENTION - Over 37% of the Rent Roll has Occupied the Shopping Center for over 15 yrs.
- BUILT-IN RENT BUMPS - 31% of the current tenant lineup has built-in rent bumps with 3% annual escalations.
- HARD CORNER LOCATION WITH MULTIPLE ENTRY POINTS - Texas Star Plaza is Positioned on a Hard Corner (Belt Line Rd. / Clark St.), Benefits from Multiple Entry Points, and Enjoy Easy Access to US Highway 67.
- SMALL SUITE SIZES - The Average Suite in the Center is Only 1,406 SF, which is Among the Most Leasable Sized Suites
- PROXIMITY TO INVESTMENT-GRADE RETAILERS - The Property is Adjacently Positioned near a Host of National, Investment-Grade Retailers.
- CLASS "A" CONSTRUCTION - (Texas Star Plaza Benefits from its Quality, Class "A" Structure which Brings Strong Tenant Retention along with Minimal Landlord Headache.
- COMPLIMENTARY TENANT LINEUP - The Property Benefits from its Complimentary and Diverse Tenant Mix.
- HIGH-INCOME DEMOGRAPHICS - The Average Household Income within a 1, 3, and 5-mile Radius is an Impressive $92,249, $101,988, and $95,323 (Respectively).
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