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Shopping Strip

Dollar Tree Plaza

3801 Houston Hwy, Victoria, TX 77901

Listing Price: $6,526,000

Cap Rate
6.00%
Gross SF
30,800
Rentable SF
30,800
Price/Gross SF
$211.88
Lot Size
3.36 acres
Year Built
2013

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 30,800-square-foot, Walmart shadow-anchored, multi-tenant retail center located in Victoria, Texas. Dollar Tree Plaza is currently 95 percent occupied, and all leases are triple-net. The tenant base is a complementary mix of internet-resistant, service-oriented businesses, including Dollar Tree, Anytime Fitness, The Cash Store, Metro PCS, Nail Spa, Freeway Insurance, American Shaman CBD, and Domino's. Constructed in 2013, the property consists of two buildings that are situated on a 3.36-acre parcel with ample concrete parking. Shadow-anchored by Walmart Supercenter, Dollar Tree Plaza is located on the Houston Highway near the signalized intersection of Houston Highway and Delmar Drive. Traffic counts in front of the property exceed 17,190 vehicles per day. Dollar Tree Plaza is shadow-anchored by Walmart Supercenter and near other national and regional retailers including Whataburger, T-Mobile, Discount Tire, Sonic, Chick-Fil-A, Wendy's, Popeyes, Walgreens, Smoothie King, and more. Several hotels are in close proximity, providing additional traffic to the area. University of Houston-Victoria's main campus is located less than one mile from the subject property. The campus is a four-year university, and one of the four institutions in the University of Houston system. The campus services over 4,350 students.

Investment Highlights

  • 30,800-Square-Foot, Multi-Tenant Retail Center | Shadow-Anchored by Walmart
  • 95% Occupied | All Leases are Triple-Net
  • Anchored by Dollar Tree | Tenant Base is a Complementary Mix of National and Local Internet-Resistant, Service-Oriented Businesses
  • Comprised of Two Buildings Situated on a Large 3.36-Acre Lot with Ample Concrete Parking
  • Close Proximity to Numerous National and Regional Retailers Including Whataburger, T-Mobile, Discount Tire, Sonic, Chick-Fil-A, Wendy's, Popeyes, Walgreens, Smoothie King, and Many More

Exclusively Listed By

Shopping Strip

Dollar Tree Plaza

Listing Price: $6,526,000

Cap Rate
6.00%
Gross SF
30,800
Rentable SF
30,800
Price/Gross SF
$211.88
Lot Size
3.36 acres
Year Built
2013

Investment Highlights

  • 30,800-Square-Foot, Multi-Tenant Retail Center | Shadow-Anchored by Walmart
  • 95% Occupied | All Leases are Triple-Net
  • Anchored by Dollar Tree | Tenant Base is a Complementary Mix of National and Local Internet-Resistant, Service-Oriented Businesses
  • Comprised of Two Buildings Situated on a Large 3.36-Acre Lot with Ample Concrete Parking
  • Close Proximity to Numerous National and Regional Retailers Including Whataburger, T-Mobile, Discount Tire, Sonic, Chick-Fil-A, Wendy's, Popeyes, Walgreens, Smoothie King, and Many More

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 30,800-square-foot, Walmart shadow-anchored, multi-tenant retail center located in Victoria, Texas. Dollar Tree Plaza is currently 95 percent occupied, and all leases are triple-net. The tenant base is a complementary mix of internet-resistant, service-oriented businesses, including Dollar Tree, Anytime Fitness, The Cash Store, Metro PCS, Nail Spa, Freeway Insurance, American Shaman CBD, and Domino's. Constructed in 2013, the property consists of two buildings that are situated on a 3.36-acre parcel with ample concrete parking. Shadow-anchored by Walmart Supercenter, Dollar Tree Plaza is located on the Houston Highway near the signalized intersection of Houston Highway and Delmar Drive. Traffic counts in front of the property exceed 17,190 vehicles per day. Dollar Tree Plaza is shadow-anchored by Walmart Supercenter and near other national and regional retailers including Whataburger, T-Mobile, Discount Tire, Sonic, Chick-Fil-A, Wendy's, Popeyes, Walgreens, Smoothie King, and more. Several hotels are in close proximity, providing additional traffic to the area. University of Houston-Victoria's main campus is located less than one mile from the subject property. The campus is a four-year university, and one of the four institutions in the University of Houston system. The campus services over 4,350 students.

Exclusively Listed By

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