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Shopping Strip

Dollar Tree Plaza

1201 East FM 1187, Crowley, TX 76036

Listing Price: $6,475,000

Cap Rate
6.00%
Gross SF
24,400
Rentable SF
24,400
Price/Gross SF
$265.37
Lot Size
4.10 acres
Year Built
2013

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 24,400-square-foot, Walmart shadow-anchored, multi-tenant retail center located in the Fort Worth suburb of Crowley, Texas. Dollar Tree Plaza is currently 100 percent occupied, and all leases are triple-net. Included in the offering is an adjacent pad site for future development that can accommodate approximately a 10,000-square-foot building, providing upside potential to an investor. The tenant base is a complementary mix of internet-resistant, service-oriented businesses, and 73 percent of the gross leasable area has national tenants. The center is anchored by Dollar Tree, and other tenants include Rent-A-Center, Great Clips, H&R Block, Domino's Pizza, Metro PCS, Skillman Wok, Nail Salon, and Mike Castle, DMD. Constructed in 2013, the building is situated on a 4.127-acre parcel. Dollar Tree Plaza is located on FM 1187/Crowley Plover Road near the signalized intersection of FM 1187/Crowley Plover Road and East Main Street. Traffic counts in front of the property exceed 27,000 vehicles per day. The property is located less than one mile from Interstate 35 West, the major north/south thoroughfare for the area connecting Fort Worth and Burleson. The center is shadow-anchored by Walmart and near many national retailers including Atwoods Ranch & Home, CVS Pharmacy, Kroger, Academy Sports & Outdoors, Best Buy, Michael's, Ross Dress for Less, Ulta Beauty, Kohl's, AMC Theatres, AutoZone, O'Reilly Auto Parts, Pizza Hut, GNC, Starbucks, Walgreens, Taco Bell, and many more. The property is in close proximity to several school campuses, providing additional traffic to the area. The surrounding area has strong demographics with more than 155,969 residents within five miles and a five mile average household income of $91,679.

Investment Highlights

  • 24,400-Square-Foot, Multi-Tenant Retail Center | Shadow-Anchored by Walmart
  • 100% Occupied | All Leases are Triple-Net | Anchored by Dollar Tree
  • Strong Tenant Base | 73% of Tenants have National Credit | Dollar Tree (DLTR: NASDAQ), Rent-A-Center (RCII: NASDAQ), Metro PCS (TMUS: NASDAQ), Domino's Pizza (DZP: NYSE), and H&R Block (HRB: NYSE)
  • Includes an Adjacent Pad Site for Future Development | Per Seller, the Pad Site can Accommodate a +/- 10,000-Square Foot Building | Future Upside Potential

Exclusively Listed By

Financing By

Listing Price: $6,475,000

Cap Rate
6.00%
Gross SF
24,400
Rentable SF
24,400
Price/Gross SF
$265.37
Lot Size
4.10 acres
Year Built
2013

Investment Highlights

  • 24,400-Square-Foot, Multi-Tenant Retail Center | Shadow-Anchored by Walmart
  • 100% Occupied | All Leases are Triple-Net | Anchored by Dollar Tree
  • Strong Tenant Base | 73% of Tenants have National Credit | Dollar Tree (DLTR: NASDAQ), Rent-A-Center (RCII: NASDAQ), Metro PCS (TMUS: NASDAQ), Domino's Pizza (DZP: NYSE), and H&R Block (HRB: NYSE)
  • Includes an Adjacent Pad Site for Future Development | Per Seller, the Pad Site can Accommodate a +/- 10,000-Square Foot Building | Future Upside Potential

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 24,400-square-foot, Walmart shadow-anchored, multi-tenant retail center located in the Fort Worth suburb of Crowley, Texas. Dollar Tree Plaza is currently 100 percent occupied, and all leases are triple-net. Included in the offering is an adjacent pad site for future development that can accommodate approximately a 10,000-square-foot building, providing upside potential to an investor. The tenant base is a complementary mix of internet-resistant, service-oriented businesses, and 73 percent of the gross leasable area has national tenants. The center is anchored by Dollar Tree, and other tenants include Rent-A-Center, Great Clips, H&R Block, Domino's Pizza, Metro PCS, Skillman Wok, Nail Salon, and Mike Castle, DMD. Constructed in 2013, the building is situated on a 4.127-acre parcel. Dollar Tree Plaza is located on FM 1187/Crowley Plover Road near the signalized intersection of FM 1187/Crowley Plover Road and East Main Street. Traffic counts in front of the property exceed 27,000 vehicles per day. The property is located less than one mile from Interstate 35 West, the major north/south thoroughfare for the area connecting Fort Worth and Burleson. The center is shadow-anchored by Walmart and near many national retailers including Atwoods Ranch & Home, CVS Pharmacy, Kroger, Academy Sports & Outdoors, Best Buy, Michael's, Ross Dress for Less, Ulta Beauty, Kohl's, AMC Theatres, AutoZone, O'Reilly Auto Parts, Pizza Hut, GNC, Starbucks, Walgreens, Taco Bell, and many more. The property is in close proximity to several school campuses, providing additional traffic to the area. The surrounding area has strong demographics with more than 155,969 residents within five miles and a five mile average household income of $91,679.

Exclusively Listed By

Financing By

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