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Shopping Strip

Forum Shops of DeSoto

921 W Belt Line Rd, DeSoto, TX 75115

Listing Price: $11,126,500

Cap Rate
7.03%
Gross SF
38,447
Rentable SF
38,447
Price/Gross SF
$289.40
Lot Size
6.88 acres
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a fully stabilized, 38,447-square-foot retail center that is shadow-anchored by Walmart Supercenter, located in DeSoto, Texas. All current leases are triple-net, and the tenant base is a complementary mix of internet-resistant tenants. The multi-tenant center tenants include Sweet and Chic Boutique, Wings 88, Greedy's, Sweetsie Rolls Bakery, Beauty Supply, Perla Dental, Little Bow Feet, CBD Shop, CATO, OneMain Financial, Threading, America's Favorite Insurance, Luxury Nail Spa, and Luxe Hair Salon. The building was originally constructed in 2008 and has a concrete parking lot with ample parking spaces. The lot is in the process of being re-parceled to separate the adjacent 15,300-square-foot, single-tenant building which is currently vacant (not a part of the offering). Forum Shops of DeSoto is located on Belt Line Road at the signalized intersection of Belt Line Road and Whitewater Trail. Traffic counts in front of the property exceed 21,200 vehicles per day. The center is shadow-anchored by Walmart Supercenter and surrounded by many national and regional retailers including CVS Pharmacy, Walgreens, Bank of America, Chase, 7 Eleven, Dollar General, O'Reilly Auto Parts, Aldi, Family Dollar, Big Lots!, Tom Thumb, Dunkin' Donuts, and more. Forum Shops of DeSoto benefits from strong demographics with more than 187,000 residents within five-miles.

Investment Highlights

  • 97% Occupied | All Leases are Triple-Net
  • Mix of National and Regional Credit Tenants
  • Cato (CATO) and OneMain Financal (OMF) are Publicly-Traded Companies on the New York Stock Exchange
  • Shadow-Anchored by Walmart Supercenter
  • Dense Residential Area | More than 187,000 Residents within Five Miles

Exclusively Listed By

Financing By

Shopping Strip

Forum Shops of DeSoto

Listing Price: $11,126,500

Cap Rate
7.03%
Gross SF
38,447
Rentable SF
38,447
Price/Gross SF
$289.40
Lot Size
6.88 acres
Year Built
2008

Investment Highlights

  • 97% Occupied | All Leases are Triple-Net
  • Mix of National and Regional Credit Tenants
  • Cato (CATO) and OneMain Financal (OMF) are Publicly-Traded Companies on the New York Stock Exchange
  • Shadow-Anchored by Walmart Supercenter
  • Dense Residential Area | More than 187,000 Residents within Five Miles

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a fully stabilized, 38,447-square-foot retail center that is shadow-anchored by Walmart Supercenter, located in DeSoto, Texas. All current leases are triple-net, and the tenant base is a complementary mix of internet-resistant tenants. The multi-tenant center tenants include Sweet and Chic Boutique, Wings 88, Greedy's, Sweetsie Rolls Bakery, Beauty Supply, Perla Dental, Little Bow Feet, CBD Shop, CATO, OneMain Financial, Threading, America's Favorite Insurance, Luxury Nail Spa, and Luxe Hair Salon. The building was originally constructed in 2008 and has a concrete parking lot with ample parking spaces. The lot is in the process of being re-parceled to separate the adjacent 15,300-square-foot, single-tenant building which is currently vacant (not a part of the offering). Forum Shops of DeSoto is located on Belt Line Road at the signalized intersection of Belt Line Road and Whitewater Trail. Traffic counts in front of the property exceed 21,200 vehicles per day. The center is shadow-anchored by Walmart Supercenter and surrounded by many national and regional retailers including CVS Pharmacy, Walgreens, Bank of America, Chase, 7 Eleven, Dollar General, O'Reilly Auto Parts, Aldi, Family Dollar, Big Lots!, Tom Thumb, Dunkin' Donuts, and more. Forum Shops of DeSoto benefits from strong demographics with more than 187,000 residents within five-miles.

Exclusively Listed By

Financing By

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