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Shopping Strip

Crowley Square Shopping Center

320 E Main St, Crowley, TX 76036

Listing Price: $6,635,500

Cap Rate
7.00%
Gross SF
45,146
Rentable SF
45,146
Price/Gross SF
$146.98
Lot Size
3.65 acres
Year Built
1986

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 45,146-square-foot, two-tenant retail center located in the Fort Worth suburb of Crowley, Texas. Tenants consist of House of Air Indoor Trampoline Park and Dill Dinkers Pickleball. Dill Dinkers executed a new 10-year lease. All leases are triple-net and provide personal guarantees. The building was originally constructed in 1986 and sits on 3.65 acres with a large concrete parking lot.

Crowley Square Shopping Center is well positioned on the southwest corner of Main Street and Crowley Road. Traffic counts in front of the subject property are approximately 9,348 vehicles per day. Numerous national and regional retailers are in the surrounding area, including Planet Fitness, McDonald's, Sonic Drive-In, Walmart Supercenter, Domino's Pizza, Great Clips, Rent-A-Center, Kroger, O'Reilly Auto Parts, Golden Chick, Pizza Hut, Starbucks, and many others. Crowley High School, with a current enrollment of approximately 2,351 students, is located less than two miles west of the subject property, and several other school campuses are in close proximity driving additional traffic to the area.

Investment Highlights

  • 100% Leased to House of Air and Dill Dinkers Pickleball | Both Leases are Triple-Net and Include Personal Guarantees
  • New 10-Year Lease with Dill Dinkers Pickleball | Dill Dinkers Franchises are Expanding Rapidly, with 325 Locations in Development Nationwide
  • Priced at $147 Per Square Foot | Below Replacement Cost
  • Located on the Southwest Corner of Main Street and Crowley Road | Cumulative Traffic Counts Exceed 24,790 Vehicles per Day

Exclusively Listed By

Financing By

Shopping Strip

Crowley Square Shopping Center

Listing Price: $6,635,500

Cap Rate
7.00%
Gross SF
45,146
Rentable SF
45,146
Price/Gross SF
$146.98
Lot Size
3.65 acres
Year Built
1986

Investment Highlights

  • 100% Leased to House of Air and Dill Dinkers Pickleball | Both Leases are Triple-Net and Include Personal Guarantees
  • New 10-Year Lease with Dill Dinkers Pickleball | Dill Dinkers Franchises are Expanding Rapidly, with 325 Locations in Development Nationwide
  • Priced at $147 Per Square Foot | Below Replacement Cost
  • Located on the Southwest Corner of Main Street and Crowley Road | Cumulative Traffic Counts Exceed 24,790 Vehicles per Day

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 45,146-square-foot, two-tenant retail center located in the Fort Worth suburb of Crowley, Texas. Tenants consist of House of Air Indoor Trampoline Park and Dill Dinkers Pickleball. Dill Dinkers executed a new 10-year lease. All leases are triple-net and provide personal guarantees. The building was originally constructed in 1986 and sits on 3.65 acres with a large concrete parking lot. Crowley Square Shopping Center is well positioned on the southwest corner of Main Street and Crowley Road. Traffic counts in front of the subject property are approximately 9,348 vehicles per day. Numerous national and regional retailers are in the surrounding area, including Planet Fitness, McDonald's, Sonic Drive-In, Walmart Supercenter, Domino's Pizza, Great Clips, Rent-A-Center, Kroger, O'Reilly Auto Parts, Golden Chick, Pizza Hut, Starbucks, and many others. Crowley High School, with a current enrollment of approximately 2,351 students, is located less than two miles west of the subject property, and several other school campuses are in close proximity driving additional traffic to the area.

Exclusively Listed By

Financing By

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