Shopping Strip
Heritage Plaza
1431 E Broadway St, Cuero, TX 77954
Listing Price: $1,650,000
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.
Heritage Plaza
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
Listing Price: $1,650,000
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
