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33261748
33261747

242 Rufe Snow Drive, Keller, TX 76248

TA
TX 617806
SHOP Companies Dallas
SK
TX 845275
SHOP Companies Dallas
Listed by SHOP Companies Dallas
$5,560,000
6 days on market
Updated 2 days ago

Rufe Snow Plaza

Details
APN 41681703
Property Type Retail
Square Footage 12,094
Units 1
Cap Rate 6.35%
NOI $353,088
Occupancy 100%
Tenancy Multi
Lease Type NNN
Remaining Term 5
Rent Bumps Yes
Year Built 2018
Stories 1
Lot Size (SqFt) 74,269
Ground Lease No

Rufe Snow Plaza | Grocery-Adjacent | 12,094 SF | Affluent DFW Submarket | Keller, TX

Marketing description

12,094 SF Neighborhood Retail Center| 2018 Construction | Average Lease Term Expiration June 2031

Investment highlights

▪ Average Rent of $28.80 PSF NNN which is At or Below Market Rents; Comparable Retail Space Leasing in the $35 - $45 PSF NNN Range

▪ Newly Signed Leases with Fresh Monkee & Degree Wellness with Anticipated Openings in the Next 30 - 60 Days

▪ Strong Fundamentals with 1.70-Acre Parcel, Shallow Bay Depth, Average Suite Size of 1,735 SF, Three (3) Patios

▪ Parallel Positioning to Rufe Snow Drive (24,600+ Vehicles Per Day), & Multiple Ingress/Egress Points

▪ Excess Parking with 70+ Spaces in Addition to Reciprocal Parking Agreement with Moviehouse & Eatery by Cinépolis (300+ Parking Spaces)

▪ Nearby National Tenant Retailers Include Movie House & Eatery by Cinepolis (400K Annual Visitors), Chick-Fil-A, Starbucks, CVS Pharmacy, McDonald’s, Wells Fargo Bank & Chase Bank Amongst Others

▪ Adjacent to Major Grocers Kroger & Tom Thumb, in a Primary Retail Corridor with 2.4MM+ SF of Retail GLA in a 2-Mile Radius

Listing Contacts

TA
TX 617806
SHOP Companies Dallas
SK
TX 845275
SHOP Companies Dallas
Listed by SHOP Companies Dallas

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$353,088.00
$29,424.00/mo

Valuation Metrics

0
DSCR
6.35%
Cap Rate
6.35%
ROI

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Additional Information

Name
Suhi Kosuri
License
845275
Brokerage Phone
2146762525
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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