309 Bosque St - Freestanding FOR SALE


Whitney, TX 76692
$743,000 USD
512-338-7800
309 Bosque St, Whitney, TX for Sale
$743,000 USD
Freestanding - FOR SALE
1/8
null | 8% Cap Rate

309 Bosque St
Whitney, TX 76692


HIGHLIGHTS

  • 13,362-Square-Foot, Multi-Tenant Retail Center | Value-Add Opportunity | Currently 62% Occupied
  • Anchored by Family Dollar (62% of the Gross Leasable Area) | Publicly Traded Company (NASDAQ: DLTR)
  • Priced at $75 Per Square Foot | Well Below Replacement Cost
  • Well Positioned on South Bosque Street with Multiple Ingress and Egress Points | Cumulative Traffic Counts are Approximately 6,279 Vehicles Per Day

OVERVIEW

Marcus & Millichap is pleased to offer the opportunity to acquire a value-add, 13,362-square-foot, multi-tenant retail center located in Whitney, Texas. The property is currently 62 percent occupied, providing upside potential in leasing the remaining vacancy. Anchored by Family Dollar, the tenant has been a part of the center for almost 20 years. The lease includes six, five-year options for renewal with 10 percent rent escalations scheduled at the beginning of each option period. The building is situated on 1.38 acres with ample paved parking. Family Dollar Retail Center is located on South Bosque Street and is easily accedssible from multiple ingress and egress points. Cumulative traffic counts in front of the property exceeding 6,279 vehicles per day. The property is located near national and regional retailers including Exxon, Ace Hardware, Texaco, Subway, McDonald's, Dollar General, Chicken Express, and others. Several school campuses are in close proximity, including Whitney Elementary School, Whitney Intermediate School, Whitney Head Start, Whitney Middle School, and Whitney High School, driving additional traffic to the area. The average household income is $70,041 within three miles; $69,738 within five miles; and $75,596 within ten miles.

FOR SALE DETAILS

PRICE

$743,000 USD

PRICE/SF

$56 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

Commercial

APN/PARCEL ID

131131

ASK ABOUT THIS PROPERTY

Coleman SolomonMarcus & MillichapMore Info
512-338-7800

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Coleman SolomonMarcus & MillichapMore Info
512-338-7800

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