Listed by Marcus & Millichap
$4,375,000
Magnolia Shopping Center
Details
APN 01-06910-00000
Property Type Retail
Sub Type Shopping Center
Square Footage 35,500
Net Rentable (SqFt) 35,500
Units 11
Cap Rate 7.28%
NOI $318,489
Occupancy 93%
Tenancy Multi
Price per SqFt $123
Broker Co-Op True
Year Built 2000
Buildings 1
Stories 1
Acreage 5.660
Zoning C-2
Parking Spaces 5.41 per 1,000 sq ft
Ground Lease No
Ownership Fee Simple
About This Property
Investment highlights
- Adjacent to the only Walmart Supercenter in Magnolia, the Most Powerful Retail Driver in the Trade Area
- Diversified Tenant Roster Featuring a Mix of National, Regional, and Service-Oriented Tenancy Including Dollar Tree, Verizon, CATO, Jimmy John’s, Shoe Show, and Medical Users, Creating Durable Daily Traffic and Income Stability
- Magnolia Shopping Center is Offered at an Attractive Basis of Approximately $123 PSF, Significantly Below Replacement Cost
- The Center Sits Along Highway 79 North, the Dominant Retail Artery in Magnolia, with Traffic Count of 11,000 VPD
- Immediate Upside through Lease-Up of 2,477 SF Vacant Space
Listing Contacts
Listed by Marcus & Millichap
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$318,489.00
$26,540.75/mo
Valuation Metrics
0
DSCR
7.28%
Cap Rate
7.28%
ROI
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