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Shopping Strip

Ennis Plaza

1012 E Ennis Ave, Ennis, TX 75119

Listing Price: $6,300,000

Cap Rate
5.72%
Gross SF
31,396
Rentable SF
31,396
Price/Gross SF
$200.66
Lot Size
3.54 acres
Year Built
2002

Investment Overview

Ennis Plaza is a 31,396-square-foot, Walmart shadow-anchored, multi-tenant retail center located in the Dallas-Fort Worth suburb of Ennis, Texas. The offering is comprised of two multi-tenant buildings and one single tenant building. The center is currently 74 percent occupied with triple-net leases, providing upside potential to a future investor by leasing the vacant space. The center features a strong tenant base that is a complementary mix of credit and local tenants including Chili's, CATO, Sally Beauty Supply, Papa John's Pizza, Wingstop, Fred Loya, GameStop, Family Smiles, Top Nails, Ennis Smoke & Vape, and Wynn's Jewelers. Chili's is a high-performing location and ranks in the 83rd percentile for number of annual visitors (Placer.ai). The center was constructed in 2002 and is situated on a 3.54-acre parcel. Ennis Plaza is located on the north side of State Highway 34/Ennis Avenue, less than 500 feet west of the intersection of State Highway 34/Ennis Avenue and Interstate 45. Traffic counts in front of the property are approximately 16,700 vehicles per day. The property is shadow-anchored by Walmart, and numerous other national and regional retailers are in the neighboring area, including Wendy's, Dollar Tree, Gordmans, Hibbett Sports, Aaron's, Starbucks Coffee, Jack in the Box, Sonic, AutoZone, Denny's, Whataburger, and more.

Investment Highlights

  • 31,396-Square-Foot, Multi-Tenant Retail Center | All Leases are Triple-Net | Comprised of Two Multi-Tenant Buildings and One Single Tenant Building
  • Value-Add Opportunity | 74% Occupied | Pro Forma Cap Rate is 9.10%
  • Shadow-Anchored by Walmart Supercenter
  • Strong Tenant Base Consisting of a Mix of National Retailers | Cato, Chili's, Sally Beauty, Papa John's Pizza, Cricket Wireless, GameStop, and Wingstop are Publicly-Traded Companies
  • Chili's at this Location Ranks in the 83rd Percentile Nationally for Number of Annual Visitors (per Placer.ai)
  • Located on State Highway 34/Ennis Avenue Near the Intersection of State Highway 34/Ennis Avenue and Interstate 45 | Traffic Counts in Front of the Property are 16,700 Vehicles per Day

Exclusively Listed By

Financing By

Listing Price: $6,300,000

Cap Rate
5.72%
Gross SF
31,396
Rentable SF
31,396
Price/Gross SF
$200.66
Lot Size
3.54 acres
Year Built
2002

Investment Highlights

  • 31,396-Square-Foot, Multi-Tenant Retail Center | All Leases are Triple-Net | Comprised of Two Multi-Tenant Buildings and One Single Tenant Building
  • Value-Add Opportunity | 74% Occupied | Pro Forma Cap Rate is 9.10%
  • Shadow-Anchored by Walmart Supercenter
  • Strong Tenant Base Consisting of a Mix of National Retailers | Cato, Chili's, Sally Beauty, Papa John's Pizza, Cricket Wireless, GameStop, and Wingstop are Publicly-Traded Companies
  • Chili's at this Location Ranks in the 83rd Percentile Nationally for Number of Annual Visitors (per Placer.ai)
  • Located on State Highway 34/Ennis Avenue Near the Intersection of State Highway 34/Ennis Avenue and Interstate 45 | Traffic Counts in Front of the Property are 16,700 Vehicles per Day

Investment Overview

Ennis Plaza is a 31,396-square-foot, Walmart shadow-anchored, multi-tenant retail center located in the Dallas-Fort Worth suburb of Ennis, Texas. The offering is comprised of two multi-tenant buildings and one single tenant building. The center is currently 74 percent occupied with triple-net leases, providing upside potential to a future investor by leasing the vacant space. The center features a strong tenant base that is a complementary mix of credit and local tenants including Chili's, CATO, Sally Beauty Supply, Papa John's Pizza, Wingstop, Fred Loya, GameStop, Family Smiles, Top Nails, Ennis Smoke & Vape, and Wynn's Jewelers. Chili's is a high-performing location and ranks in the 83rd percentile for number of annual visitors (Placer.ai). The center was constructed in 2002 and is situated on a 3.54-acre parcel. Ennis Plaza is located on the north side of State Highway 34/Ennis Avenue, less than 500 feet west of the intersection of State Highway 34/Ennis Avenue and Interstate 45. Traffic counts in front of the property are approximately 16,700 vehicles per day. The property is shadow-anchored by Walmart, and numerous other national and regional retailers are in the neighboring area, including Wendy's, Dollar Tree, Gordmans, Hibbett Sports, Aaron's, Starbucks Coffee, Jack in the Box, Sonic, AutoZone, Denny's, Whataburger, and more.

Exclusively Listed By

Financing By

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