Shopping Strip

Main Street Plaza

205 S Main St, Red Oak, TX 75154

Listing Price: $6,950,000

Cap Rate
5.51%
Gross SF
43,030
Rentable SF
43,030
Price/Gross SF
$161.52
Lot Size
5.29 acres
Year Built
2005

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a value-add retail development strategically located to serve a growing population with excellent demographics in the Dallas suburb of Red Oak, Texas. The subject property currently consists of six multi-tenant buildings totaling 43,030 square feet. Main Street Plaza is 66 percent occupied, and all leases are triple net leases. The center is a complementary mix of internet-resistant tenants including Mathnasium, Mr. Jim's Pizza, Regency Healing Medical Clinic, MTM Pharmacy, Red Oak Donuts, Dance Xpressions, Kids University, Integrity Church, Believers City Church, and Taste of Miami. Main Street Plaza was constructed in 2005 and is situated on 5.29 acres, which includes more than 1.83 acres of land for future development of an additional 28,000+ square feet of leasable area, providing tremendous upside potential. Recent improvements to the property include roof repairs, brick and mortar repairs, new caulking and sealant, and landscaping updates.

Investment Highlights

  • 43,030-Square Foot, Multi-Tenant Retail Center that is Phase One of a Planned Development Featuring Retail and Professional Space
  • Offering Includes More Than 1.83 Acres of Land for Future Development of the Proposed Phase Two, Featuring Four Additional Multi-Tenant Buildings with Approximately 28,025 Square Feet of Leasable Area
  • Center is 66% Occupied with Triple-Net Leases | Tremendous Upside Potential | Pro Forma Cap Rate is 10.66%

Exclusively Listed By

Shopping Strip

Main Street Plaza

Listing Price: $6,950,000

Cap Rate
5.51%
Gross SF
43,030
Rentable SF
43,030
Price/Gross SF
$161.52
Lot Size
5.29 acres
Year Built
2005

Investment Highlights

  • 43,030-Square Foot, Multi-Tenant Retail Center that is Phase One of a Planned Development Featuring Retail and Professional Space
  • Offering Includes More Than 1.83 Acres of Land for Future Development of the Proposed Phase Two, Featuring Four Additional Multi-Tenant Buildings with Approximately 28,025 Square Feet of Leasable Area
  • Center is 66% Occupied with Triple-Net Leases | Tremendous Upside Potential | Pro Forma Cap Rate is 10.66%

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a value-add retail development strategically located to serve a growing population with excellent demographics in the Dallas suburb of Red Oak, Texas. The subject property currently consists of six multi-tenant buildings totaling 43,030 square feet. Main Street Plaza is 66 percent occupied, and all leases are triple net leases. The center is a complementary mix of internet-resistant tenants including Mathnasium, Mr. Jim's Pizza, Regency Healing Medical Clinic, MTM Pharmacy, Red Oak Donuts, Dance Xpressions, Kids University, Integrity Church, Believers City Church, and Taste of Miami. Main Street Plaza was constructed in 2005 and is situated on 5.29 acres, which includes more than 1.83 acres of land for future development of an additional 28,000+ square feet of leasable area, providing tremendous upside potential. Recent improvements to the property include roof repairs, brick and mortar repairs, new caulking and sealant, and landscaping updates.

Exclusively Listed By

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