Investment Overview

Clocktower Shopping Center is a value-add, multi-tenant retail center located in DeSoto, Texas. The property consists of two buildings totaling 38,451 square feet that are situated on a 3.57-acre parcel with ample concrete parking. The shopping center is currently 96 percent occupied with average rents below market, providing future upside potential. All current leases are on triple-net terms. Tenants are a complementary mix of internet-resistant, service-oriented businesses, including Extraordinaire Hair Bar, Supreme Blendz Barbershop, Body of Christ Church, Themed Event Center, Engineers of Tomorrow Stem Preschool, Taxes R US DFW, Two Sisters Sweet Creations, Beatbodyz, and Uptown Collection. The single-tenant building is leased to Dallas Metrocare Services - Center for Children with Autism. The subject property is strategically located at the hard corner intersection of North Hampton Road and Executive Way, near the signalized intersection with Wintergreen Road. Traffic counts in front of the property on Hampton Road are approximately 27,563 vehicles per day, and the shopping center is easily accessible from multiple ingress and egress points. Clocktower Shopping Center has close access to major highways including Interstate 35 East, State Highway 67, and Interstate 20. Other retailers in the surrounding area include Dollar General, 7-Eleven, Subway, Lowes Home Improvements, Sam's Club, and many more. Distribution centers for Walmart, Kohl's, The Home Depot, and Wayfair are also in close proximity. The property is located less than six miles from the Dallas Executive Airport, used for general aviation and a reliever airport for Dallas Love Field. The property is strategically located to serve extremely dense population of more than 206,774 residents within five miles.