Investment Overview

The subject property is a 13,500-square-foot, Walmart shadow-anchored, multi-tenant retail center located in La Grange, Texas. Dollar Tree Plaza is currently 100 percent occupied, and all leases are triple-net, providing limited landlord responsibilities. The tenant base is a complementary mix of internet-resistant, service-oriented businesses, and 88 percent of the gross leasable area is leased to national tenants. Anchored by Dollar Tree, the other tenants include Cricket Wireless, The UPS Store, and Vapor Maven. The building was constructed in 2016 and sits on a 0.99-acre parcel. A double-sided pylon sign positioned at the property entrance provides additional exposure to the center. Dollar Tree Plaza is located on State Highway 71 and benefits from a signalized entrance and two ingress and egress points. Traffic counts in front of the property exceed 10,182 vehicles per day. Dollar Tree Plaza is shadow-anchored by Walmart Supercenter and near other national and regional retailers including Domino's Pizza, T-Mobile, Murphy USA, Tractor Supply Co., Taco Bell, H-E-B, Golden Chick, and others. The subject property is in close proximity to multiple national hotel chains, including Hampton Inn, River Valley Motor Inn, and Executive Inn, driving additional traffic to the area. The average household income is $71,653 within three miles; $74,904 within five miles; and $79,718 within 10 miles.