Skip to main content

Shopping Strip

Cedar Square Shopping Center

702 W Wheatland Rd, Duncanville, TX 75116

Listing Price: $6,675,000

Cap Rate
6.75%
Gross SF
61,060
Rentable SF
61,060
Price/Gross SF
$109.32
Lot Size
5.13 acres
Year Built
1978

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 61,060-square-foot, multi-tenant retail center located in a densely populated area of Duncanville, Texas. Cedar Square Shopping Center is currently 93 percent occupied, providing upside potential to an investor. Tenants are a complementary mix of internet-resistant and service-oriented businesses, including O'Reilly Auto Parts, Black Friday Deals (Mega Furniture Outlet), Dollar General, Leslie's Pool Supplies, State Farm, Nailizm, R & C Staffing, The Tamale Company, First Class Cuts, and Watermill Express. Constructed in 1978, the building is situated on 5.13 acres with ample paved parking and a highly-visible pylon sign that provides additional exposure to the center. Cedar Square Shopping Center is located at the signalized hard corner of West Wheatland Road and South Cedar Ridge Drive. The property is easily accessible from multiple ingress and egress points from both roads, with cumulative traffic counts of approximately 38,435 vehicles per day. Numerous national and regional retailers are in the surrounding area, including Walgreens, CVS, AT&T, Tom Thumb, the UPS Store, Armstrong McCall, Dollar Tree, ALDI, T-Mobile, Taco Bell, Onin Staffing, KFC, Monarch Dental & Orthodontics, Pizza Hut, Golden Chick, Wingstop, and many others. The area benefits from desirable demographics with more than 10,025 residents within one mile; 89,470 residents within three miles; and 175,581 residents within five miles.

Investment Highlights

  • 61,060-Square-Foot, Multi-Tenant Neighborhood Retail Center
  • 93% Occupied | 82% of the Gross Leasable Area has Triple-Net Leases | Value-Add Opportunity | Pro Forma Cap Rate is 7.77%
  • Current Average Rents are Below Market
  • Priced at $109 per Square Foot | Well Below Replacement Cost

Exclusively Listed By

Shopping Strip

Cedar Square Shopping Center

Listing Price: $6,675,000

Cap Rate
6.75%
Gross SF
61,060
Rentable SF
61,060
Price/Gross SF
$109.32
Lot Size
5.13 acres
Year Built
1978

Investment Highlights

  • 61,060-Square-Foot, Multi-Tenant Neighborhood Retail Center
  • 93% Occupied | 82% of the Gross Leasable Area has Triple-Net Leases | Value-Add Opportunity | Pro Forma Cap Rate is 7.77%
  • Current Average Rents are Below Market
  • Priced at $109 per Square Foot | Well Below Replacement Cost

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 61,060-square-foot, multi-tenant retail center located in a densely populated area of Duncanville, Texas. Cedar Square Shopping Center is currently 93 percent occupied, providing upside potential to an investor. Tenants are a complementary mix of internet-resistant and service-oriented businesses, including O'Reilly Auto Parts, Black Friday Deals (Mega Furniture Outlet), Dollar General, Leslie's Pool Supplies, State Farm, Nailizm, R & C Staffing, The Tamale Company, First Class Cuts, and Watermill Express. Constructed in 1978, the building is situated on 5.13 acres with ample paved parking and a highly-visible pylon sign that provides additional exposure to the center. Cedar Square Shopping Center is located at the signalized hard corner of West Wheatland Road and South Cedar Ridge Drive. The property is easily accessible from multiple ingress and egress points from both roads, with cumulative traffic counts of approximately 38,435 vehicles per day. Numerous national and regional retailers are in the surrounding area, including Walgreens, CVS, AT&T, Tom Thumb, the UPS Store, Armstrong McCall, Dollar Tree, ALDI, T-Mobile, Taco Bell, Onin Staffing, KFC, Monarch Dental & Orthodontics, Pizza Hut, Golden Chick, Wingstop, and many others. The area benefits from desirable demographics with more than 10,025 residents within one mile; 89,470 residents within three miles; and 175,581 residents within five miles.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower