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3842-3850 Lamar Ave
Paris, TX 75462

Shoppes Of Paris · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Shoppes of Paris in Paris, TX | 5-Tenant Retail Strip Center Anchored by Dollar Tree
  • Dense Trade Area | Over 1M Square Feet of Retail Space Within 1 Miles of the Subject Property
  • Subject is Located Less Than 1,000 Feet From an Entrance/Exit Ramp Onto/Off State Route 271 | Increased Traffic Flow
  • Limited Landlord Responsibilities | Tenants All Reimburse For CAM, Real Estate Taxes, and Insurance
  • Located Across the Street From a High Performing Walmart Supercenter | Ranks in the 96th Percentile in Terms of Visits in the United States
  • Additional 7-Acre Parcel of Undeveloped Land | Contact Listing Broker

EXECUTIVE SUMMARY

SAB Capital is pleased to present Shoppes of Paris, a fully occupied shopping center anchored by Dollar Tree located in Paris, Texas. The subject is located in a dense retail corridor with over 1 million square feet of retail within 1 mile, including a Walmart Supercenter directly adjacent. The property is also located less than 1,000 feet from an entrance/exit ramp onto/off state route 271 which increases traffic flow

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,287 SF
Building Class
B
Year Built
2006
Price
$2,971,786
Price Per SF
$182.46
Cap Rate
7%
NOI
$208,025
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
2.93 AC
Parking
96 Spaces (5.89 Spaces per 1,000 SF Leased)
Frontage
211’ on Lamar Avenue

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
115948
Land Assessment
$592,760
Improvements Assessment
$1,103,880
Total Assessment
$1,696,640
  • Listing ID: 34478216

  • Date on Market: 1/14/2025

  • Last Updated:

  • Address: 3842-3850 Lamar Ave, Paris, TX 75462

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