311 S Oak St - Storefront Retail/Office FOR SALE


Roanoke, TX 76262
$4,313,000 USD
214-960-2835
311 S Oak St, Roanoke, TX for Sale
$4,313,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 7.25% Cap Rate

311 S Oak St
Roanoke, TX 76262


HIGHLIGHTS

  • 3-Tenant Mixed-Use Asset Located in the Affluent DFW Submarket of Roanoke, TX
  • Average Rent of $26.01 PSF NNN
  • Affluent Submarket with Average Household Income Exceeding $107,600; $177,700 within 1-Mile & 3-Mile Radii
  • Part of Historic Downtown Roanoke aka “The Unique Dining Capital of Texas”
  • Minutes from Texas Motor Speedway, a 1,500-Acre Superspeedway with Over 154,861 Seats that Hosts Over 60 Events a Year

OVERVIEW

Roanoke Commons is a 12,022 square foot three tenant mixed-use asset located in the affluent Dallas/Fort Worth submarket of Roanoke, Texas. Constructed in 2016, the Property is approximately 30 minutes northwest of Downtown Dallas and 20 minutes north of Downtown Fort Worth. Roanoke Commons is 100% leased to a complementary tenant lineup of retail and service users including Wise Guys Pizzeria, Fosters Sushi and Newstream Commercial. The property benefits from parallel frontage to Oak Street, partial masonry construction, multiple patio options and shallow bay depth. Rents average just $26.01 PSF NNN. Tenants have an average base lease term expiration of July 2030, experience at least one rent escalation during their primary lease terms and 2 out of 3 tenants have multiple renewal options with built in annual increases. Roanoke Commons is located within a densely populated corridor containing more than 1,100,000 square feet of retail GLA, 1,500,000 square feet of office GLA and 12,400,000 square feet of industrial GLA within a 1.5 mile radius.

FOR SALE DETAILS

PRICE

$4,313,000 USD

PRICE/SF

$304 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Roanoke Commons

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

Retail, Medical, Office

APN/PARCEL ID

R695750

ASK ABOUT THIS PROPERTY

Tim AxilrodSHOP CompaniesMore Info
214-960-2835

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Tim AxilrodSHOP CompaniesMore Info
214-960-2835

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