Investment Overview

Sweetwater Shopping Center is a 29,247-square-foot, multi-tenant retail center located in Sweetwater, Texas. The center is currently 70 percent occupied with a mix of gross and base year leases, providing significant upside potential in leasing the remaining vacancy and converting all leases to triple-net. Anchored by a new 10-year lease with Harbor Freight, the tenant base is a complementary mix of national and regional businesses including Subway and Texas Finance. The remaining 8,793-square-foot vacant suite is located at the back of the building and has a store front and a parking lot facing Crane Street. Originally constructed in 1955, the subject property is situated on approximately 2.07 acres with ample paved parking. Landlord reports a new roof was installed in 2012 with a 15-year warranty. Sweetwater Shopping Center is located on East Broadway Avenue and benefits from double hard corners with Ragland Street and Crane Street. Broadway Avenue is one of the main east/west thoroughfares in the city; traffic counts exceed 10,800 vehicles per day. Nearby national and regional retailers include Brookshire's, Family Dollar, O'Reilly Auto Parts, Sonic Drive-In, Bealls, Shoe Sensation, Anytime Fitness, Dollar General, Dollar Tree, H&R Block, Factory Connection, and many others. Sweetwater High School, Sweetwater Intermediate School, and Sweetwater Middle School are all in close proximity to the subject property, providing additional traffic to the area. The five-mile population is approximately 12,084 residents, having an average household income of $57,575.