Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 20,561-square-foot, multi-tenant retail center located in Gatesville, Texas. Gatesville Shopping Center is currently 100 percent occupied, and all leases are triple-net. Anchored by Dollar Tree, the tenant base features predominantly national tenants, comprised of Baylor Scott & White Clinic, Verizon, Little Caesar's, Axis Dental, and New Rodeo Mexican Grill. Constructed in 2007, the property consists of one multi-tenant building and one single-tenant building sitting on a five-acre parcel. The offering incudes an additional 0.92-acre parcel for future development and upside potential. The single-tenant building is leased to New Rodeo Mexican Grill, which has highway frontage and includes a drive-through window. Gatesville Shopping center is located on Highway 36 near the signalized intersection of Highway 36 and Main Street. Traffic counts in front of the property exceed 9,000 vehicles per day. Shadow-anchored by Walmart Supercenter, the property is near many other national retailers including Aaron's, Shoe Dept., Walgreens, Pizza Hut, Subway, Napa Auto Parts, Bealls Outlet, Tractor Supply, 7-Eleven, McDonald's, AutoZone Auto Parts, and many others. The average household income is $70,803 within one mile; $67,607 within three miles; and $68,097 within five miles. Gatesville Shopping Center is also in close proximity to multiple school campuses, providing additional traffic to the area.