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Shopping Strip

Roanoke Gateway

860 TX-114, Roanoke, TX 76262

Listing Price: Request For Offer

Rentable SF
14,850
Lot Size
2.20 acres
Year Built
2016

Investment Overview

Marcus & Millichap is pleased to present Roanoke Gateway, a 14,850 square foot shopping center located in Roanoke, Texas. The shopping center is situated on 2.20 acres and made up of two buildings, which are one hundred percent leased and all leases being triple-net. In addition to the stabilization of the asset, there is also a value-add component with an additional pad site available adjacent to the property. The shopping center features seven suites with a tenant line-up featuring a mix of national and strong regional credit tenants, including Jimmy John's, Ideal dental, Palio's Pizza Café, and more. The subject property is located on Texas Highway 114, a major thoroughfare in the Dallas-Fort Worth market, featuring traffic counts that exceed 76,000 vehicles per day entering the highway. The subject property is approximately thirteen miles west of Dallas-Fort Worth International Airport, the fourth "busiest" airport in the world per aircraft traffic and a major hub for American Airlines. The close proximity to DFW International Airport makes Roanoke and the surrounding markets among the fastest growing submarkets in the Dallas-Fort Worth metroplex. Located in the vastly growing Roanoke market, the average household income exceeds $163,000 within a five-mile radius. The prime location of this shopping center provides maximum visibility to capture the eastbound traffic on Texas Highway 114. Due to the strength of the demographics in the immediate submarket, several national credit tenants have also positioned themselves along this corridor as well, with newly constructed assets that feature tenants such as Cinemark and On the Boarder. The city of Roanoke is a pro-development city government with a high demand for retail. The city boasts a daytime population of over 60,000, with new residential developments projected to bring over 1,400 new rooftops in the immediate area. Roanoke Gateway provides a new investor with the opportunity to acquire a strongly positioned retail strip in an attractive and quickly growing submarket of Dallas-Fort Worth, Texas. The subject property provides a mix of internet resistant tenants and staggered lease turnover making for a stabilized investment with the ability to add value to the property by building out or potentially executing a ground lease on the adjacent pad site.

Investment Highlights

  • 6.00% Cap Rate | 100% Occupied | All Leases NNN
  • Two-Building Portfolio | 14,850 SF Total | Situated on 2.20 AC
  • Stabilized Asset with Staggered Lease Turnover
  • Additional Pad Site With Development Plans Included
  • Prime Location with Frontage on Texas Highway 114

Exclusively Listed By

Financing By

Shopping Strip

Roanoke Gateway

Listing Price: Request For Offer

Rentable SF
14,850
Lot Size
2.20 acres
Year Built
2016

Investment Highlights

  • 6.00% Cap Rate | 100% Occupied | All Leases NNN
  • Two-Building Portfolio | 14,850 SF Total | Situated on 2.20 AC
  • Stabilized Asset with Staggered Lease Turnover
  • Additional Pad Site With Development Plans Included
  • Prime Location with Frontage on Texas Highway 114

Investment Overview

Marcus & Millichap is pleased to present Roanoke Gateway, a 14,850 square foot shopping center located in Roanoke, Texas. The shopping center is situated on 2.20 acres and made up of two buildings, which are one hundred percent leased and all leases being triple-net. In addition to the stabilization of the asset, there is also a value-add component with an additional pad site available adjacent to the property. The shopping center features seven suites with a tenant line-up featuring a mix of national and strong regional credit tenants, including Jimmy John's, Ideal dental, Palio's Pizza Café, and more. The subject property is located on Texas Highway 114, a major thoroughfare in the Dallas-Fort Worth market, featuring traffic counts that exceed 76,000 vehicles per day entering the highway. The subject property is approximately thirteen miles west of Dallas-Fort Worth International Airport, the fourth "busiest" airport in the world per aircraft traffic and a major hub for American Airlines. The close proximity to DFW International Airport makes Roanoke and the surrounding markets among the fastest growing submarkets in the Dallas-Fort Worth metroplex. Located in the vastly growing Roanoke market, the average household income exceeds $163,000 within a five-mile radius. The prime location of this shopping center provides maximum visibility to capture the eastbound traffic on Texas Highway 114. Due to the strength of the demographics in the immediate submarket, several national credit tenants have also positioned themselves along this corridor as well, with newly constructed assets that feature tenants such as Cinemark and On the Boarder. The city of Roanoke is a pro-development city government with a high demand for retail. The city boasts a daytime population of over 60,000, with new residential developments projected to bring over 1,400 new rooftops in the immediate area. Roanoke Gateway provides a new investor with the opportunity to acquire a strongly positioned retail strip in an attractive and quickly growing submarket of Dallas-Fort Worth, Texas. The subject property provides a mix of internet resistant tenants and staggered lease turnover making for a stabilized investment with the ability to add value to the property by building out or potentially executing a ground lease on the adjacent pad site.

Exclusively Listed By

Financing By

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