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Shopping Strip

The Shops at Roanoke City Center

400 S Oak St, Roanoke, TX 76262

Listing Price: $8,420,000

Cap Rate
7.00%
Gross SF
16,714
Rentable SF
16,714
Price/Gross SF
$503.77
Lot Size
0.80 acres
Year Built
2017

Investment Overview

The Shops at Roanoke City Center is a 16,714-square-foot, multi-tenant retail center that is part of a mixed-use development located in Roanoke, Texas. The center is 100 percent leased, and all leases are triple-net. Tenants are a complementary mix of service-oriented businesses, including Catch 22 Sports Grill, MadiJaks Boutique, Rise Men's Health, Resort Nails & Spa, Aromas on Oak, Wine 30 on Oak Street, and Wild Oak Studio. Constructed in 2017, the retail center sits on the ground floor of Two99 Monroe, a 311-unit apartment complex above the commercial development.

The subject property is located in Historic Downtown Roanoke on South Oak Street, near the intersection of Crockett Street and Highway 377. Historic Downtown Roanoke is a popular destination for dining, boutique shopping, and entertainment situated over nine blocks on Oak Street. The Texas House of Representatives have officially appointed the area as "The Unique Dining Capital of Texas". The area is pedestrian friendly and hosts a variety of concerts, special events, and festivals throughout the year. Roanoke City Hall, community center, recreation center, public library, and visitor center and museum are all located in the downtown area.

Investment Highlights

  • 16,714-Square-Foot, Multi-Tenant Retail Center that is Part of a Mixed-Use Development | Prime Location in Historic Downtown Roanoke
  • Part of a Condominium Association | Two99 Monroe Apartment Complex, Featuring 311 Apartment Units, Reside Above and Adjacent to the Subject Property
  • Fully Stabilized Asset | 100% Occupied | All Leases are Triple-Net | Limited Landlord Responsibilities
  • Historic Downtown Roanoke is a Popular Destination with Unique Dining, Boutique Shops, and Entertainment Venues | Appointed by the Texas House of Representatives as "The Unique Dining Capital of Texas"

Exclusively Listed By

Financing By

Shopping Strip

The Shops at Roanoke City Center

Listing Price: $8,420,000

Cap Rate
7.00%
Gross SF
16,714
Rentable SF
16,714
Price/Gross SF
$503.77
Lot Size
0.80 acres
Year Built
2017

Investment Highlights

  • 16,714-Square-Foot, Multi-Tenant Retail Center that is Part of a Mixed-Use Development | Prime Location in Historic Downtown Roanoke
  • Part of a Condominium Association | Two99 Monroe Apartment Complex, Featuring 311 Apartment Units, Reside Above and Adjacent to the Subject Property
  • Fully Stabilized Asset | 100% Occupied | All Leases are Triple-Net | Limited Landlord Responsibilities
  • Historic Downtown Roanoke is a Popular Destination with Unique Dining, Boutique Shops, and Entertainment Venues | Appointed by the Texas House of Representatives as "The Unique Dining Capital of Texas"

Investment Overview

The Shops at Roanoke City Center is a 16,714-square-foot, multi-tenant retail center that is part of a mixed-use development located in Roanoke, Texas. The center is 100 percent leased, and all leases are triple-net. Tenants are a complementary mix of service-oriented businesses, including Catch 22 Sports Grill, MadiJaks Boutique, Rise Men's Health, Resort Nails & Spa, Aromas on Oak, Wine 30 on Oak Street, and Wild Oak Studio. Constructed in 2017, the retail center sits on the ground floor of Two99 Monroe, a 311-unit apartment complex above the commercial development. The subject property is located in Historic Downtown Roanoke on South Oak Street, near the intersection of Crockett Street and Highway 377. Historic Downtown Roanoke is a popular destination for dining, boutique shopping, and entertainment situated over nine blocks on Oak Street. The Texas House of Representatives have officially appointed the area as "The Unique Dining Capital of Texas". The area is pedestrian friendly and hosts a variety of concerts, special events, and festivals throughout the year. Roanoke City Hall, community center, recreation center, public library, and visitor center and museum are all located in the downtown area.

Exclusively Listed By

Financing By

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