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Shopping Strip

Heritage Square and Legacy Park

607 E Tyler St, Athens, TX 75751

Listing Price: $7,594,000

Cap Rate
7.50%
Gross SF
62,591
Rentable SF
62,591
Price/Gross SF
$121.33
Lot Size
8.90 acres
Year Built
1977

Investment Overview

Heritage Square and Legacy Park consists of four multi-tenant retail buildings totaling 62,591 square feet of leasable area located in Athens, Texas. The center is 94 percent occupied and has a complementary mix of national, regional, and local tenants that are largely internet-resistant. Tenants include Little Caesars, Factory Connection, Enterprise, Western Finance, World Finance, Cricket, Merle Norman, Workforce Solutions East Texas, Customer's Choice, Asian Gardens, Athens Pawn Shop, Athens Cafe, Tito's Cuisine & Bakery, Purity Salon and Spa, Daniels Partners, Security Finance, Loan Express, Casey's Vapor, Chandler's Cleaners, Mix It Up Nutrition, Fast Action Bonds, and Bruce Davis Bonds. The buildings are situated on two parcels totaling approximately nine acres with ample paved parking. Heritage Square is located on East Tyler Street, and Legacy Park faces Murchison Street. The centers are both near the signalized intersection of East Tyler Street and Murchison Street. Cumulative traffic counts in front of the properties exceeds 13,800 vehicles per day. The centers are situated near many national retailers including Hibbett Sports, Sherwin Williams, CVS Pharmacy, Brookshire Brothers, Walgreens, Dollar General, Rent-A-Center, Dollar Tree, Walmart, Kentucky Fried Chicken, Burger King, and more. The property is in close proximity to Athens Senior High School and Central Athens Elementary, providing additional traffic to the area. Athens is home to Trinity Valley Community College, located approximately one mile from the property. Trinity Valley Community College has an estimated enrollment of more than 7,700 students.

Investment Highlights

  • Shopping Center is Comprised of Four Multi-Tenant Buildings Situated on Two Parcels Totaling 62,591 Square Feet of Gross Leasable Area
  • Significant Upside Potential in Leasing the Vacant Suite and Converting Gross Leases to Triple-Net | Pro Forma Cap Rate is 9.51%
  • All Buildings have Metal Roofing

Exclusively Listed By

Shopping Strip

Heritage Square and Legacy Park

Listing Price: $7,594,000

Cap Rate
7.50%
Gross SF
62,591
Rentable SF
62,591
Price/Gross SF
$121.33
Lot Size
8.90 acres
Year Built
1977

Investment Highlights

  • Shopping Center is Comprised of Four Multi-Tenant Buildings Situated on Two Parcels Totaling 62,591 Square Feet of Gross Leasable Area
  • Significant Upside Potential in Leasing the Vacant Suite and Converting Gross Leases to Triple-Net | Pro Forma Cap Rate is 9.51%
  • All Buildings have Metal Roofing

Investment Overview

Heritage Square and Legacy Park consists of four multi-tenant retail buildings totaling 62,591 square feet of leasable area located in Athens, Texas. The center is 94 percent occupied and has a complementary mix of national, regional, and local tenants that are largely internet-resistant. Tenants include Little Caesars, Factory Connection, Enterprise, Western Finance, World Finance, Cricket, Merle Norman, Workforce Solutions East Texas, Customer's Choice, Asian Gardens, Athens Pawn Shop, Athens Cafe, Tito's Cuisine & Bakery, Purity Salon and Spa, Daniels Partners, Security Finance, Loan Express, Casey's Vapor, Chandler's Cleaners, Mix It Up Nutrition, Fast Action Bonds, and Bruce Davis Bonds. The buildings are situated on two parcels totaling approximately nine acres with ample paved parking. Heritage Square is located on East Tyler Street, and Legacy Park faces Murchison Street. The centers are both near the signalized intersection of East Tyler Street and Murchison Street. Cumulative traffic counts in front of the properties exceeds 13,800 vehicles per day. The centers are situated near many national retailers including Hibbett Sports, Sherwin Williams, CVS Pharmacy, Brookshire Brothers, Walgreens, Dollar General, Rent-A-Center, Dollar Tree, Walmart, Kentucky Fried Chicken, Burger King, and more. The property is in close proximity to Athens Senior High School and Central Athens Elementary, providing additional traffic to the area. Athens is home to Trinity Valley Community College, located approximately one mile from the property. Trinity Valley Community College has an estimated enrollment of more than 7,700 students.

Exclusively Listed By

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