Palmhurst Village Shopping Center Retail FOR SALE


Palmhurst, TX
$15,451,755 USD
858-822-9811
, Palmhurst, TX for Sale
$15,451,755 USD
Retail - FOR SALE
1/10
null | 7.37% Cap Rate

Palmhurst Village Shopping Center
Palmhurst, TX


HIGHLIGHTS

  • 84% Occupied, Upside in Leasing Vacancies Totaling 12,072 SqFt
  • Ross Location Ranked in 93rd Percentile Nationwide with 560,000 Visits per Year, per Placer.ai
  • Wingstop Location Ranked in 98th Percentile Nationwide with 230,000 Visits per Year, per Placer.ai
  • Shadow Anchored by H-E-B. Grocery Co. and H-E-B Fuel & Wash, with Over 2.5MM Visits per Year, per Placer.ai (NAP)
  • Excellent Visibility, Frontage, and Access in a Dense Retail Corridor (+50,000 Combined VPD)
  • Assumable Loan Well Below Market Interest Rates at 5.59% and 60% LTV

OVERVIEW

Palmhurst Village Shopping Center is an 84% occupied investment opportunity with an excellent tenant mix, driving traffic to the area. Ross Dress for Less and Wingstop tenants rank in the 93rd and 98th percentiles nationwide with 790,000 visits combined per year, per Placer.ai. The 3 building asset sits on a massive 13.22 acre lot with ample parking and is strategically placed at a hard corner signalized intersection with +50,800 combined traffic counts. The subject property has excellent visibility, frontage, and access in a dense retail corridor with numerous national retailers in the immediate surrounding area. The site is shadow anchored by H-E-B Grocery Co. and H-E-B Fuel & Wash with over 2.5MM visits per year per Placer.ai. The subject property is 5.5 miles from Mission Regional Medical Center (approximately 1,000 employees) and is directly adjacent to Walmart anchored shopping center with national retailers such as GameStop, Murphy USA, Verizon, Subway, Jack in the Box, and more. There are several multi-family developments in the surrounding area, with over 630 units within a 4-mile radius of the site. Watch Property Video: https://vimeo.com/1018979939/de4bb1c324?share=copy

ASK ABOUT THIS PROPERTY

Ryan GomezCushman & WakefieldMore Info
858-822-9811

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Ryan GomezCushman & WakefieldMore Info
858-822-9811

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