Henderson Crossing
100% Occupied | 6.50% Cap | 10.4 Year WALT
Marketing description
DuWest Realty Investment Services is pleased to present the opportunity to acquire a 100% occupied, 14,536 square foot multi-tenant retail center strategically positioned along Henderson Street in Cleburne, Texas, the primary commercial corridor serving this DFW submarket.
The Property has been newly remodeled, and is anchored by a proven tenant mix of both national credit brands and established local operators, including Chipotle, Jersey Mike's, Nothing Bundt Cakes, America's Best, Metro by T-Mobile, Fred Loya Insurance, and Glow Nail Bar. The Property benefits from exceptional co-tenancy and an irreplaceable location directly across from H-E-B, which draws 2.2 million annual customer visits, and in close proximity to Walmart Supercenter, which generates 2.9 million annual visits. This grocery-anchored retail ecosystem drives sustained, high-frequency consumer traffic to the corridor.
New ownership will acquire a stabilized income stream with a weighted average lease term (WALT) of 10.4 years, providing long-term cash flow stability. All tenants are subject to contractual rent growth (5 of 7 tenants have annual increases) offering built-in NOI escalation throughout the hold period. The property benefits from healthy rents with the average at only $29.17 PSF (excluding Chipotle). This offering represents a rare opportunity to acquire a fully stabilized, multi-tenant retail asset in a supply-constrained North Texas market.
Investment highlights
- Long-term lease structure : a 10.4-year walt provides long-term income certainty and insulates new ownership from near-term rollover risk.
- Fully stabilized multi-tenant retail : a balanced roster of national credit brands and experienced local operators.
- Contractual rent growth : 5 of 7 tenants carry scheduled contractual increases throughout their lease term, providing built-in noi escalation and inflation protection for new ownership
- Amazon fulfillment center underway : 1.7 million square foot operations facility expected to open summer 2026, expected to bring over 1,000 new jobs to the market.
- Strong traffic drivers -- heb & Walmart : positioned directly across from h-e-b (2.2m annual visits) and near Walmart supercenter (2.9m annual visits) — along Henderson street, the primary commercial corridor in the submarket.
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