Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a value-add, 13,362-square-foot, multi-tenant retail center located in Whitney, Texas. The property is currently 62 percent occupied, providing upside potential in leasing the remaining vacancy. Anchored by Family Dollar, the tenant has been a part of the center for almost 20 years. The lease includes six, five-year options for renewal with 10 percent rent escalations scheduled at the beginning of each option period. The building is situated on 1.38 acres with ample paved parking. Family Dollar Retail Center is located on South Bosque Street and is easily accedssible from multiple ingress and egress points. Cumulative traffic counts in front of the property exceeding 6,279 vehicles per day. The property is located near national and regional retailers including Exxon, Ace Hardware, Texaco, Subway, McDonald's, Dollar General, Chicken Express, and others. Several school campuses are in close proximity, including Whitney Elementary School, Whitney Intermediate School, Whitney Head Start, Whitney Middle School, and Whitney High School, driving additional traffic to the area. The average household income is $70,041 within three miles; $69,738 within five miles; and $75,596 within ten miles.