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Shopping Strip

University Shopping Center

2210 Live Oak St, Commerce, TX 75428

Listing Price: $3,600,000

Cap Rate
7.95%
Gross SF
66,068
Rentable SF
66,068
Price/Gross SF
$54.49
Lot Size
7.12 acres
Year Built
1978

Investment Overview

Marcus & Millichap is pleased to offer University Shopping Center (Property) in Commerce, Texas for your consideration. The Property consists of a 66,068 square foot shopping center on a large 7.12 acre corner parcel at the signalized intersection of State Highway 24 and Live Oak Street. Access to the property is excellent, with a total of four drives providing access to Live Oak Street and State Highway 24. A large pylon sign provides additional visibility for the Propertys tenants. As an added benefit, the property recently had its roof replaced in 2021.

University Shopping Center is currently 58 percent occupied and anchored by Dollar Tree and Goodwill. Other national retailers including McDonalds, Taco Bell, Dominos Pizza, and Burger King share the intersection with the Property, highlighting the significance of the intersection for retail traffic in Commerce.

Offered for $3,600,000, University Shopping Center provides an investor the opportunity to acquire a value added property with strong fundamentals for significantly below replacement cost with a 7.95 percent CAP.

Investment Highlights

  • 66,068 SF Shopping Center
  • 7.12 Acre Signalized Hard Corner
  • 58% Occupied | Opportunity for Upside through Lease-Up
  • Prominently Located Adjacent to Texas A&M University Commerce
  • National Retailers Share Intersection with the Property

Exclusively Listed By

Shopping Strip

University Shopping Center

Listing Price: $3,600,000

Cap Rate
7.95%
Gross SF
66,068
Rentable SF
66,068
Price/Gross SF
$54.49
Lot Size
7.12 acres
Year Built
1978

Investment Highlights

  • 66,068 SF Shopping Center
  • 7.12 Acre Signalized Hard Corner
  • 58% Occupied | Opportunity for Upside through Lease-Up
  • Prominently Located Adjacent to Texas A&M University Commerce
  • National Retailers Share Intersection with the Property

Investment Overview

Marcus & Millichap is pleased to offer University Shopping Center (Property) in Commerce, Texas for your consideration. The Property consists of a 66,068 square foot shopping center on a large 7.12 acre corner parcel at the signalized intersection of State Highway 24 and Live Oak Street. Access to the property is excellent, with a total of four drives providing access to Live Oak Street and State Highway 24. A large pylon sign provides additional visibility for the Propertys tenants. As an added benefit, the property recently had its roof replaced in 2021.

University Shopping Center is currently 58 percent occupied and anchored by Dollar Tree and Goodwill. Other national retailers including McDonalds, Taco Bell, Dominos Pizza, and Burger King share the intersection with the Property, highlighting the significance of the intersection for retail traffic in Commerce.

Offered for $3,600,000, University Shopping Center provides an investor the opportunity to acquire a value added property with strong fundamentals for significantly below replacement cost with a 7.95 percent CAP.

Exclusively Listed By

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