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Shopping Strip

Dollar Tree Plaza

1709 E Expressway 83, Penitas, TX 78576

Listing Price: $4,972,500

Cap Rate
6.00%
Gross SF
21,000
Rentable SF
21,000
Price/Gross SF
$236.79
Lot Size
2.11 acres
Year Built
2012

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 21,000-square-foot, Walmart shadow-anchored, multi-tenant retail center in Peñitas, Texas. Dollar Tree Plaza is currently 100 percent occupied, and all leases are triple-net. The tenant base is complementary mix of internet-resistant, service-oriented businesses, and 81 percent of the gross leasable area has national tenants. The center is anchored by Dollar Tree, and other tenants include Wingstop, T-Mobile, Sally Beauty Supply, Little Caesar's, Boost Mobile, Texas Credit Corporation, Action Credit, and a nail salon. All leases are triple-net. The building was constructed in 2012 and sits on 2.11 acre parcel. Dollar Tree Plaza is located on Expressway 83 and Tom Gill Road near the signalized intersection of Expressway 83 and Liberty Boulevard. Traffic counts in front of the property exceed 36,533 vehicles per day. Walmart Supercenter is directly north of the property, and other neighboring retailers include First Cash and Pawn, Cricket Wireless, Subway, Domino's Pizza, United States Postal Service and more. John F. Kennedy Elementary School is located across from Walmart and has an enrollment of around 786 elementary students.

Investment Highlights

  • 21,000-Square-Foot, Walmart Shadow-Anchored Multi-Tenant Retail Center
  • 100% Occupied | All Leases are Triple-Net
  • Strong Tenant Base | 81% National Tenants
  • Anchored by Dollar Tree | Publicly Traded Company (NASDAQ: DLTR) | Tenant Recently Exercised a Five-Year Renewal
  • Expressway Location on the City's Major East-West Thoroughfare | Traffic Counts are Approximately 36,533 Thousand Vehicles per Day

Exclusively Listed By

Shopping Strip

Dollar Tree Plaza

Listing Price: $4,972,500

Cap Rate
6.00%
Gross SF
21,000
Rentable SF
21,000
Price/Gross SF
$236.79
Lot Size
2.11 acres
Year Built
2012

Investment Highlights

  • 21,000-Square-Foot, Walmart Shadow-Anchored Multi-Tenant Retail Center
  • 100% Occupied | All Leases are Triple-Net
  • Strong Tenant Base | 81% National Tenants
  • Anchored by Dollar Tree | Publicly Traded Company (NASDAQ: DLTR) | Tenant Recently Exercised a Five-Year Renewal
  • Expressway Location on the City's Major East-West Thoroughfare | Traffic Counts are Approximately 36,533 Thousand Vehicles per Day

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 21,000-square-foot, Walmart shadow-anchored, multi-tenant retail center in Peñitas, Texas. Dollar Tree Plaza is currently 100 percent occupied, and all leases are triple-net. The tenant base is complementary mix of internet-resistant, service-oriented businesses, and 81 percent of the gross leasable area has national tenants. The center is anchored by Dollar Tree, and other tenants include Wingstop, T-Mobile, Sally Beauty Supply, Little Caesar's, Boost Mobile, Texas Credit Corporation, Action Credit, and a nail salon. All leases are triple-net. The building was constructed in 2012 and sits on 2.11 acre parcel. Dollar Tree Plaza is located on Expressway 83 and Tom Gill Road near the signalized intersection of Expressway 83 and Liberty Boulevard. Traffic counts in front of the property exceed 36,533 vehicles per day. Walmart Supercenter is directly north of the property, and other neighboring retailers include First Cash and Pawn, Cricket Wireless, Subway, Domino's Pizza, United States Postal Service and more. John F. Kennedy Elementary School is located across from Walmart and has an enrollment of around 786 elementary students.

Exclusively Listed By

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