Skip to main content

Shopping Strip

Wyndham Plaza

2600 E Southlake Blvd, Southlake, TX 76092

Listing Price: $10,500,000

Cap Rate
8.78%
Gross SF
67,843
Rentable SF
67,843
Price/Gross SF
$154.77
Lot Size
7.69 acres
Year Built
2003

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 67,843-square foot, mutli-tenant retail center in a prime retail corridor of Southlake, Texas. Wyndham Plaza is comprised of four multi-tenant buildings and one single tenant building. The center is currently 100 percent occupied, and all of the current leases are triple-net leases. The complementary internet-resistant tenant base is a mix of national and local credit tenants. Tenants include Sleep Experts, Berkshire Hathaway - PenFed Realty, i Fratelli Pizza, The UPS Store, Einstein Bros. Bagels, The Vitamin Shoppe, Sushi Zen, The Interior Collection, StretchLab, Row House, Great Expressions Dental, Wildwood Grill, New Balance, One Stop Nutrition, Taziki's Mediterranean, Vitality Bowls, iCode, Fish City Grill, Mangos Breakfast & Brunch, Elements Massage, and Phenix Salon. Constructed in 2003 and 2004, the buildings are situated on six parcels totaling 7.69 acres. Wyndham Plaza is located on Southlake Boulevard at the signalized intersection of Southlake Boulevard and Nolen Drive. Cumulative traffic counts exceed 40,000 vehicles per day in front of the center. 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 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

  • 67,843-Square Foot, Multi-Tenant Retail Center
  • Shadow-Anchored by Costco | Surrounded by Dense Retail
  • 100% Occupied | All Leases are Triple-Net
  • Long-Term Leasehold Interest | 97 Years Remaining on Ground Lease
  • 100% of the Purchase Price is Tax-Depreciable

Exclusively Listed By

Listing Price: $10,500,000

Cap Rate
8.78%
Gross SF
67,843
Rentable SF
67,843
Price/Gross SF
$154.77
Lot Size
7.69 acres
Year Built
2003

Investment Highlights

  • 67,843-Square Foot, Multi-Tenant Retail Center
  • Shadow-Anchored by Costco | Surrounded by Dense Retail
  • 100% Occupied | All Leases are Triple-Net
  • Long-Term Leasehold Interest | 97 Years Remaining on Ground Lease
  • 100% of the Purchase Price is Tax-Depreciable

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 67,843-square foot, mutli-tenant retail center in a prime retail corridor of Southlake, Texas. Wyndham Plaza is comprised of four multi-tenant buildings and one single tenant building. The center is currently 100 percent occupied, and all of the current leases are triple-net leases. The complementary internet-resistant tenant base is a mix of national and local credit tenants. Tenants include Sleep Experts, Berkshire Hathaway - PenFed Realty, i Fratelli Pizza, The UPS Store, Einstein Bros. Bagels, The Vitamin Shoppe, Sushi Zen, The Interior Collection, StretchLab, Row House, Great Expressions Dental, Wildwood Grill, New Balance, One Stop Nutrition, Taziki's Mediterranean, Vitality Bowls, iCode, Fish City Grill, Mangos Breakfast & Brunch, Elements Massage, and Phenix Salon. Constructed in 2003 and 2004, the buildings are situated on six parcels totaling 7.69 acres. Wyndham Plaza is located on Southlake Boulevard at the signalized intersection of Southlake Boulevard and Nolen Drive. Cumulative traffic counts exceed 40,000 vehicles per day in front of the center. 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 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

MM Texture Background
MM Textured Background Lower