![Building Photo](https://images1.loopnet.com/i2/MPjLFahGI4CJ5PiEOLQAAYFV5N8Qoz-5Jd7Rv3UD8PE/112/image.jpg)
Southlake Pavilion | 1959 W Southlake Blvd
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Southlake Pavilion 1959 W Southlake Blvd
10,022 SF 72% Leased Retail Building Southlake, TX 76092 $3,200,000 ($319/SF) 6.33% Cap Rate
![1959 W Southlake Blvd, Southlake, TX for sale - Building Photo - Image 1 of 7](https://images1.loopnet.com/i2/MPjLFahGI4CJ5PiEOLQAAYFV5N8Qoz-5Jd7Rv3UD8PE/110/1959-W-Southlake-Blvd-Southlake-TX-Building-Photo-1-Large.jpg)
![1959 W Southlake Blvd, Southlake, TX for sale - Building Photo - Image 2 of 7](https://images1.loopnet.com/i2/e_o9hdK_YaZwadQLagzfsvq4He4VotS_poYQN3SEnC0/110/1959-W-Southlake-Blvd-Southlake-TX-Building-Photo-2-Large.jpg)
![1959 W Southlake Blvd, Southlake, TX for sale - Building Photo - Image 3 of 7](https://images1.loopnet.com/i2/BQC1DFdhH_88TixqFkFzjO6gxlj_MNIgBRuS_goyNPQ/110/1959-W-Southlake-Blvd-Southlake-TX-Building-Photo-3-Large.jpg)
Investment Highlights
- Below Market Rents With an Average of $19.48/Sf, Compared to $35.00/Sf in Similar Centers Nearby.
- Strong Tenant Retention, With 46% of Tenants Occupying for Over 12 Years and 56% Over 9 Years.
- Strong Demographics and High Spending Power in Southlake, TX, With Average Household Incomes Around $328,117 Per Year.
- Built-In Rental Increases With Annual Rent Bumps in Existing Leases.
- Majority of Rent Roll Consists of Small, Leasable Suites (69% Under 1,400 Sf), With Potential to Convert Remaining 31% for Higher Rents.
- High Visibility and Traffic Counts Off Southlake Blvd., With Approximately 56,319 Daily Traffic Count, Making It Ideal for Various Retail/Medical Uses
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
10,022 SF
Building Class
B
Year Built
2006
Price
$3,200,000
Price Per SF
$319
Cap Rate
6.33%
NOI
$202,565
Percent Leased
72%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.16 AC
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 180
- 1,500 SF
- Retail
- -
- Now
- 1808
- 1,300 SF
- Retail
- -
- Now
Space | Size | Space Use | Position | Available |
180 | 1,500 SF | Retail | - | Now |
1808 | 1,300 SF | Retail | - | Now |
180
Size |
1,500 SF |
Space Use |
Retail |
Position |
- |
Available |
Now |
1808
Size |
1,300 SF |
Space Use |
Retail |
Position |
- |
Available |
Now |
Nearby Major Retailers
![Chase Bank Chase Bank](https://images1.loopnet.com/i2/bw7biemERZsLn6pwfbqBPxA99wBdOhsB0H3fRLW4AE8/105/image.png)
![Starbucks Starbucks](https://images1.loopnet.com/i2/V11gp9X1QvF-sYuRU43vwjphTt976BD4p9n50Z1aR1w/105/image.png)
![PNC Bank PNC Bank](https://images1.loopnet.com/i2/fIhd6---TuxhiSC2zosoHH9m2w06pL87K0W47y_6BA0/105/image.png)
![Sprouts Farmers Market Sprouts Farmers Market](https://images1.loopnet.com/i2/aV2cW2BuONNj5jBOv_BgDMWuWTIEdKcI8EAVqx3HICo/105/image.jpg)
![Jazzercise Jazzercise](https://images1.loopnet.com/i2/QZ9-kXG43a-3pLo2xd_qlhmsymlSyzOc9dzVdFwvjn4/105/image.png)
![MOOYAH Burgers, Fries & Shakes MOOYAH Burgers, Fries & Shakes](https://images1.loopnet.com/i2/-kMr5OfE9eHdI-G-jLPACHOAAMC3HNzm0sHbDvqXAtk/105/image.png)
PROPERTY TAXES
Parcel Number | 41152107 | Improvements Assessment | $1,304,652 |
Land Assessment | $646,348 | Total Assessment | $1,951,000 |
PROPERTY TAXES
Parcel Number
41152107
Land Assessment
$646,348
Improvements Assessment
$1,304,652
Total Assessment
$1,951,000
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Southlake Pavilion | 1959 W Southlake Blvd
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