1101 E US Highway 175
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1101 E US Highway 175
9,900 SF 100% Leased Retail Building Crandall, TX 75114 $2,714,286 ($274.17/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- High-performing retail plaza (100% Leased) strategically located in Crandall. TX with direct frontage and visibility on Highway 175.
- Well-lit parking lot with ample parking available for customers in the front and for tenants and employees in the back.
- Strong operating history, with substantial upside potential. Offered at $2,110,000.00 with a net operating income of over $125K.
- Mix of various kinds of Small Business Tenants - Bank, Custom Home Builder, Bakery, Hair Salon, Dentist, Party Hall etc.
- Several multi-year leases with annual rent escalations in place, meaning no landlord responsibility and increasing returns.
- Excellent Frontage, Visibility, and Access. Irreplaceable location in the region's primary commercial corridor.
EXECUTIVE SUMMARY
Reputed Brokerage is pleased to offer Parks Plaza in Crandall, TX. This is a 100 percent leased, stabilized asset, that offers an investor the rare opportunity to acquire a well-constructed multi-tenant retail center. The property is a 9,900 square-foot inline center on Us Highway 175 Crandall, TX 75114 consisting of 7 tenants.
Parks Plaza offers investors an opportunity to acquire a high-quality retail strip center with a reliable and growing income stream and a unique ability to create value through continued lease-up. This is an ideal opportunity for out-of-state investors given that tenants pay a gross lease and the property requires negligible maintenance and administrative/management.
Crandall and Kaufman County have been experiencing explosive growth in the DFW Metroplex.
Parks Plaza offers investors an opportunity to acquire a high-quality retail strip center with a reliable and growing income stream and a unique ability to create value through continued lease-up. This is an ideal opportunity for out-of-state investors given that tenants pay a gross lease and the property requires negligible maintenance and administrative/management.
Crandall and Kaufman County have been experiencing explosive growth in the DFW Metroplex.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,900 SF
Building Class
B
Year Built
2007
Price
$2,714,286
Price Per SF
$274.17
Cap Rate
7%
NOI
$190,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.18 AC
Zoning
F1 - Real Commercial
Parking
52 Spaces (5.25 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 16069 | Improvements Assessment | $942,150 |
| Land Assessment | $507,850 | Total Assessment | $1,450,000 |
PROPERTY TAXES
Parcel Number
16069
Land Assessment
$507,850
Improvements Assessment
$942,150
Total Assessment
$1,450,000
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1101 E US Highway 175
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