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Shopping Strip

Heritage Plaza

1431 E Broadway St, Cuero, TX 77954

Listing Price: $1,650,000

Cap Rate
4.92%
Rentable SF
9,000
Lot Size
0.85 acres
Year Built
2016

Investment Overview

Marcus & Millichap is pleased to present Heritage Plaza, a 9,000 square foot multi-tenant retail center located in Cuero, Texas. Heritage Plaza was built in 2016 and is strategically located along US Highway 87 which connects major metropolitan areas from San Antonio to Port Lavaca. The property is currently 66.7% occupied with a strong suit of e-commerce resistant tenants servicing NNN leases. The existing vacancies are three 1,000 square foot suites, one of which has been fully built out, making them perfect for current tenant demand and ease of lease up. An investor can realize near term upside with further occupancy and the added value possibility with future development of the area and adjacent land. Though the potential net income is not in place at the moment, Heritage Plaza offers a strong value add opportunity for any investor, with a low cost basis.

Investment Highlights

  • Great opportunity to stabilize with low cost basis
  • NNN leases in place
  • Positioned along a main trade corridor
  • Good visibility and ease of access
  • Recent construction (2016)
  • Near-term upside with further lease up
  • Value-add opportunity
  • Further long term value with future area development

Exclusively Listed By

Shopping Strip

Heritage Plaza

Listing Price: $1,650,000

Cap Rate
4.92%
Rentable SF
9,000
Lot Size
0.85 acres
Year Built
2016

Investment Highlights

  • Great opportunity to stabilize with low cost basis
  • NNN leases in place
  • Positioned along a main trade corridor
  • Good visibility and ease of access
  • Recent construction (2016)
  • Near-term upside with further lease up
  • Value-add opportunity
  • Further long term value with future area development

Investment Overview

Marcus & Millichap is pleased to present Heritage Plaza, a 9,000 square foot multi-tenant retail center located in Cuero, Texas. Heritage Plaza was built in 2016 and is strategically located along US Highway 87 which connects major metropolitan areas from San Antonio to Port Lavaca. The property is currently 66.7% occupied with a strong suit of e-commerce resistant tenants servicing NNN leases. The existing vacancies are three 1,000 square foot suites, one of which has been fully built out, making them perfect for current tenant demand and ease of lease up. An investor can realize near term upside with further occupancy and the added value possibility with future development of the area and adjacent land. Though the potential net income is not in place at the moment, Heritage Plaza offers a strong value add opportunity for any investor, with a low cost basis.

Exclusively Listed By

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