Texas Star Plaza | 125 N Clark Rd
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Texas Star Plaza 125 N Clark Rd
11,660 SF 100% Leased Retail Building Cedar Hill, TX 75104 $5,930,650 CAD ($509 CAD/SF) 6.34% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Tenant Retention – Over 37% of the Rent Roll has Occupied the Shopping Center for over 15 Yrs.
- Hard Corner Location w/ Multiple Entry Points – On Belt Line Rd/Clark St. w/ Easy Access to US Highway 67
- Adjacently Positioned Near Investment-Grade Retailers
- Below Market Rents/NNN Leases – The Weighted Average Base Rental Rate in the Center is Currently $18.37/SF
- Small Suite Sizes – The Average Suite in the Center is Only 1,406 SF, which is Among the Most Leasable Sized Suites
- Cedar Hill | Located in the DFW Metroplex | Population: 48,341+
EXECUTIVE SUMMARY
Secure Net Lease, as the exclusive listing broker and marketing advisor, is pleased to present the offering of Texas Star Plaza: a 91% occupied, 11,660 SF, 9-tenant shopping center with multiple access points located in the dynamic Cedar Hill submarket.
Texas Star Plaza is strategically located at the hard corner of Belt Line Rd. and Clark Rd., just off the highly trafficked Hwy 67 in Cedar Hill, TX. It was built in 2007 and is occupied by a host of local and national complimentary tenants.
The Shopping Center has great exposure and access from Hwy-67 as well as strong vehicle and foot traffic. The center enjoys proximity to National Retailers such as Best Buy, Hobby Lobby, Marshall’s, Ross, Sprouts, Walmart, Target, Dick’s Sporting Goods, Kroger, Burlington, The Home Depot, Kohl’s, Dillard’s, and many other industry leading tenants.
The offering of Texas Star Plaza is a unique opportunity to acquire a stabilized, multi-tenant retail property in a continuously growing and highly sought after family-oriented submarket with low vacancy and appreciating rents.
Texas Star Plaza is strategically located at the hard corner of Belt Line Rd. and Clark Rd., just off the highly trafficked Hwy 67 in Cedar Hill, TX. It was built in 2007 and is occupied by a host of local and national complimentary tenants.
The Shopping Center has great exposure and access from Hwy-67 as well as strong vehicle and foot traffic. The center enjoys proximity to National Retailers such as Best Buy, Hobby Lobby, Marshall’s, Ross, Sprouts, Walmart, Target, Dick’s Sporting Goods, Kroger, Burlington, The Home Depot, Kohl’s, Dillard’s, and many other industry leading tenants.
The offering of Texas Star Plaza is a unique opportunity to acquire a stabilized, multi-tenant retail property in a continuously growing and highly sought after family-oriented submarket with low vacancy and appreciating rents.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,660 SF
Building Class
C
Year Built
2007
Price
$5,930,650 CAD
Price Per SF
$509 CAD
Cap Rate
6.34%
NOI
$375,714 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.08 AC
Walk Score®
Very Walkable (70)
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Texas Star Plaza | 125 N Clark Rd
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