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Shopping Strip

Wyndham Plaza II

151 North Nolen Drive, Southlake, TX 76092

Listing Price: $2,067,000

Cap Rate
7.50%
Gross SF
11,700
Rentable SF
11,700
Price/Gross SF
$176.67
Lot Size
1.00 acres
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 11,700-square foot, two-tenant retail center in a prime retail corridor of Southlake, Texas. The center is currently 100 percent occupied, and all of the leases are triple-net leases. The tenant base is a comprised of internet-resistant tenants, Manny's Uptown Tex-Mex and Sola Salons. Constructed in 2008, the building is situated on a one-acre parcel. Wyndham Plaza II is located on North Nolen Drive near the signalized intersection of Southlake Boulevard and Nolen Drive, just south of State Highway 114. The center is shadow-anchored by Costco and near multiple national and regional retailers including Lowe's Home Improvement, HomeGoods, Staples, Ulta Beauty, Kohl's, The Home Depot, Kroger, PGA Tour Superstore, PetSmart, Old Navy, and many more. Wyndham Plaza II is less than two miles from Southlake Town Square, a unique, open-air lifestyle shopping district with more than 120 shops and fine restaurants whose reputation has been recognized throughout the country. The surrounding area has excellent demographics; the five-mile average household income is $158,902, and the population is more than 126,173 residents within five miles of the property.

Investment Highlights

  • 11,700-Square Foot, Multi-Tenant Retail Center
  • Shadow-Anchored by Costco
  • Long-Term Leasehold Interest | 97 Years Remaining on Ground Lease
  • 100% of the Purchase Price is Tax-Depreciable
  • Highly Affluent Area | Average Household Income is $158,902 Within Five Miles

Exclusively Listed By

Listing Price: $2,067,000

Cap Rate
7.50%
Gross SF
11,700
Rentable SF
11,700
Price/Gross SF
$176.67
Lot Size
1.00 acres
Year Built
2008

Investment Highlights

  • 11,700-Square Foot, Multi-Tenant Retail Center
  • Shadow-Anchored by Costco
  • Long-Term Leasehold Interest | 97 Years Remaining on Ground Lease
  • 100% of the Purchase Price is Tax-Depreciable
  • Highly Affluent Area | Average Household Income is $158,902 Within Five Miles

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 11,700-square foot, two-tenant retail center in a prime retail corridor of Southlake, Texas. The center is currently 100 percent occupied, and all of the leases are triple-net leases. The tenant base is a comprised of internet-resistant tenants, Manny's Uptown Tex-Mex and Sola Salons. Constructed in 2008, the building is situated on a one-acre parcel. Wyndham Plaza II is located on North Nolen Drive near the signalized intersection of Southlake Boulevard and Nolen Drive, just south of State Highway 114. The center is shadow-anchored by Costco and near multiple national and regional retailers including Lowe's Home Improvement, HomeGoods, Staples, Ulta Beauty, Kohl's, The Home Depot, Kroger, PGA Tour Superstore, PetSmart, Old Navy, and many more. Wyndham Plaza II is less than two miles from Southlake Town Square, a unique, open-air lifestyle shopping district with more than 120 shops and fine restaurants whose reputation has been recognized throughout the country. The surrounding area has excellent demographics; the five-mile average household income is $158,902, and the population is more than 126,173 residents within five miles of the property.

Exclusively Listed By

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