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26 E DEBBIE LN Mansfield TX 76063-4045

[Locked] • APN 40617645

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Details
Property Type General
Building SqFt 18,750
Lot SqFt 82,946
Acreage ******
Number of Units 19
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code C-2
Year Built 2004
Building Count 1
Opportunity Zone No
Lease Rate ******
Lease Type ******
Mortgage Amount ******
Mortgage Term ******

Property History

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Property Type
Property Type
Retail
Marketing Description
Mansfield Highlands is an 18,138-square foot, multi-tenant retail center located in the high-growth Dallas-Fort Worth suburb of Mansfield, Texas. The subject property is currently 79 percent occupied with 71 percent of the gross leasable area having triple-net leases, providing upside potential in filling the vacant space and converting all leases to triple-net. Tenants are complementary mix of internet-resistant businesses, including Mama’s Pizza, Beer & Wine World, Vintage Barber Shop, Debbie Donuts, Unique Threading Salon, N&L Foot Care, Foxi Nails, and Benbrook Cleaning. The majority of the leases have personal guarantees. Constructed in 2004, the building is situated on 1.9 acres with ample paved parking.


The subject property is located in a major retail corridor off U.S. Highway 287 on East Debbie Lane. Traffic counts in front of the subject property are approximately 20,300 vehicles per day. Numerous national and regional tenants are in the surrounding area, including Target, The Home Depot, Lowe’s Home Improvement, Sam’s Club, Ross Dress for Less, Michaels, Petco, Best Buy, Cinemark, Marshalls, Home Goods, Five Below, Jason’s Deli, Buffalo Wild Wings, Bed Bath & Beyond, PetSmart, Half Price Books, and many others. Mansfield Highlands is adjacent to La Quinta Inn & Suites and near several other hotels, which provide additional traffic to the area. The property enjoys excellent demographics; the three-mile average household income is $107,190, and the population exceeds 174,690 within five miles.

Investment Highlights
  • 18,138-Square Foot, Multi-Tenant Retail Center
  • Value-Add Opportunity | 79% Occupied | 71% of the Gross Leasable Area has Triple-Net Leases
  • Complementary Mix of Internet-Resistant Tenants
  • 50% of the Gross Leasable Area has Personally-Guaranteed Leases
  • Situated on a 1.9-Acre Parcel with a Concrete Parking Lot with Ample Parking Spaces
  • Adjacent to La Quinta Inn & Suites, Providing Potential Foot Traffic
  • Located in a Prime Retail Corridor off U.S. Highway 287 and Debbie Lane | Traffic Counts are Approximately 20,300 Vehicles per Day on East Debbie Lane and 84,915 Vehicles per Day on Highway 287
  • Close Proximity to Major National Retails Such as Target, Lowe's Home Improvement, Sam's Club, The Home Depot, Best Buy, Marshalls, Home Goods, and Numerous Others
  • Densely Populated, Affluent Area | Average Household Income is $107,190 Within a Three-Mile Radius | Population Exceeds 174,690 Residents Within a Five-Mile Radius
  • Mansfield is Experiencing Tremendous Growth, Including Development of the 870-Acre Master-Planned South Pointe Community, The Shops at Broad Development Including a 405,000-SF Shopping Center and Apartments, and Completion of Texas Highway 360

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Listing removed on
 BY:
PL
Philip Levy PRO
•••.•••.5225
••••••.levy@•••••••••••••••.com
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