Listed by MLP
$1,250,000
Montelongo Plaza
Details
APN 7813
Property Type Retail
Sub Type Shopping Center
Square Footage 6,195
Units 3
Cap Rate 6.8%
NOI $84,979
Occupancy 100%
Tenancy Multi
Lease Type Gross
Class B
Year Built 1940
Year Renovated 2016
Acreage 0.750
Investment Type Value Add
Ground Lease No
100% Leased Investment Sale
Marketing description
This fully leased shopping center in Henderson, Texas is a prime investment opportunity. Located across from Kroger, Walmart and other large retailers, this property benefits from the city’s retail synergy.
Investment highlights
- Traffic Counts in Front of the Property Exceed 10,000 Vehicles per Day
- Easily Accessible from Multiple Ingress and Egress Points
- Close Proximity to Walmart, Kroger, CATO, Dollar Tree and Tractor Supply
- Located between newly built Chick-fil-A and Dollar General
- County Seat of Rusk County
- Less than 35 miles from Tyler, TX & Longview, TX
- Large Parking Lot
Listing Contacts
Listed by MLP
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,979.00
$7,081.58/mo
Valuation Metrics
0
DSCR
6.8%
Cap Rate
6.8%
ROI
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