
3842-3850 Lamar Ave | Paris, TX 75462
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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
Parcel Number | 115948 | Improvements Assessment | $1,103,880 |
Land Assessment | $592,760 | Total Assessment | $1,696,640 |
PROPERTY TAXES
Parcel Number
115948
Land Assessment
$592,760
Improvements Assessment
$1,103,880
Total Assessment
$1,696,640
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