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Shopping Strip

Magnolia Village

151 Industrial Dr E, Sulphur Springs, TX 75482

Listing Price: $2,250,000

Cap Rate
7.32%
Gross SF
9,738
Rentable SF
9,738
Price/Gross SF
$231.05
Lot Size
0.89 acres
Year Built
2010

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire Magnolia Village, a 9,738-square foot, multi-tenant retail center located in Sulphur Springs, Texas. Lakes Regional Community Center occupies 47 percent of the leasable area on a gross lease. All other tenants have triple-net leases, consisting of Subway, Sprint and Tru Tan salon. The complementary mix of tenants is largely internet-resistant, service-oriented businesses. The building is newer 2010 construction with an attractive facade and landscaping. The Subway suite located on the west end of the building has a drive-through window. The subject property is located on Industrial Drive, the feeder road for Interstate 30. Interstate 30 is a major east-west thoroughfare and reports approximately 34,000 vehicles per day in front of the subject property. Magnolia Village has ingress and egress points from Industrial Drive East and Mockingbird Lane. Numerous national and regional retailers are in the neighboring area, including Bealls, Aaron’s, Hibbett Sports, Cato Fashions, Wendy’s, IHOP, Walgreens, Dollar General, Anytime Fitness, Sherwin-Williams, Starbucks, Chili’s Grill & Bar, Panda Express, Whataburger, McDonald’s, Braum’s, Furr’s Fresh Buffet, Lowe’s Home Improvement, Walmart, Tractor Supply Co. and others. The subject property also is in close proximity to several hotels, providing additional traffic to the area. The population within a five-mile radius exceeds 19,150 residents with an average household income of $60,543.

Investment Highlights

  • 9,738-Square Foot, Multi-Tenant Shopping Center
  • 100% Occupied | 53% of the Gross Leasable Area has Triple-Net Leases
  • 2010 Construction with an Attractive Facade and Landscaping
  • Located on the Interstate 30 Feeder Road | Ingress and Egress Points from both Industrial Drive and Mockingbird Lane
  • Interstate 30 is a Major East-West Thoroughfare | Traffic Counts are Approximately 34,000 Vehicles per Day

Exclusively Listed By

Listing Price: $2,250,000

Cap Rate
7.32%
Gross SF
9,738
Rentable SF
9,738
Price/Gross SF
$231.05
Lot Size
0.89 acres
Year Built
2010

Investment Highlights

  • 9,738-Square Foot, Multi-Tenant Shopping Center
  • 100% Occupied | 53% of the Gross Leasable Area has Triple-Net Leases
  • 2010 Construction with an Attractive Facade and Landscaping
  • Located on the Interstate 30 Feeder Road | Ingress and Egress Points from both Industrial Drive and Mockingbird Lane
  • Interstate 30 is a Major East-West Thoroughfare | Traffic Counts are Approximately 34,000 Vehicles per Day

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire Magnolia Village, a 9,738-square foot, multi-tenant retail center located in Sulphur Springs, Texas. Lakes Regional Community Center occupies 47 percent of the leasable area on a gross lease. All other tenants have triple-net leases, consisting of Subway, Sprint and Tru Tan salon. The complementary mix of tenants is largely internet-resistant, service-oriented businesses. The building is newer 2010 construction with an attractive facade and landscaping. The Subway suite located on the west end of the building has a drive-through window. The subject property is located on Industrial Drive, the feeder road for Interstate 30. Interstate 30 is a major east-west thoroughfare and reports approximately 34,000 vehicles per day in front of the subject property. Magnolia Village has ingress and egress points from Industrial Drive East and Mockingbird Lane. Numerous national and regional retailers are in the neighboring area, including Bealls, Aaron’s, Hibbett Sports, Cato Fashions, Wendy’s, IHOP, Walgreens, Dollar General, Anytime Fitness, Sherwin-Williams, Starbucks, Chili’s Grill & Bar, Panda Express, Whataburger, McDonald’s, Braum’s, Furr’s Fresh Buffet, Lowe’s Home Improvement, Walmart, Tractor Supply Co. and others. The subject property also is in close proximity to several hotels, providing additional traffic to the area. The population within a five-mile radius exceeds 19,150 residents with an average household income of $60,543.

Exclusively Listed By

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