1101 E US Highway 175 - Storefront FOR SALE


Crandall, TX 75114
$2,850,000 USD
240-643-4444
1101 E US Highway 175, Crandall, TX for Sale
$2,850,000 USD
Storefront - FOR SALE
1/3
null | 7.5% Cap Rate

1101 E US Highway 175
Crandall, TX 75114


HIGHLIGHTS

  • High-performing retail plaza (100% Leased) strategically located in Crandall. TX with direct frontage and visibility on Highway 175.
  • Mix of various kinds of Small Business Tenants - Bank, Custom Home Builder, Bakery, Hair Salon, Dentist, Party Hall etc.
  • Well-lit parking lot with ample parking available for customers in the front and for tenants and employees in the back.
  • Several multi-year leases with annual rent escalations in place, meaning no landlord responsibility and increasing returns.
  • Strong operating history, with substantial upside potential. Offered at $2,110,000.00 with a net operating income of over $125K.
  • Excellent Frontage, Visibility, and Access. Irreplaceable location in the region's primary commercial corridor.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$288 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

F1

APN/PARCEL ID

16069

ASK ABOUT THIS PROPERTY

Rajesh BhatiaReputed BrokerageMore Info
240-643-4444

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Rajesh BhatiaReputed BrokerageMore Info
240-643-4444

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.