1700 W Dickinson Blvd
Fort Stockton, TX 79735

Marcus & Millichap is pleased to present the opportunity to acquire Fort Stockton Marketplace ("the Center"), a 50,820 square foot multi-tenant community shopping center located at 1700 West Dickinson Boulevard Fort Stockton, Texas, 79735. The Center is situated in the County Seat of Pecos County. Anchored by Tractor Supply Company, Fort Stockton Marketplace is 100% occupied by national credit tenants including Dollar Tree, Bealls, Hibbett Sporting Goods, and newly tenanted Cricket Wireless, which is expected to open in early 2017. In addition to the new Cricket Wireless, Hibbett Sporting Goods is underway on a 1,875 square foot expansion which further demonstrates the continued success of the Center. The Center is fully operated under triple-net leases featuring scheduled increases and staggered lease expirations with an average lease term remaining of nearly 6 years. The Center features significant development upside potential with a 9,400 square foot expansion pad located at the west end of the property adjacent to Dollar Tree. With a net operating income of $351,296, the Center is being offered free and clear of debt at an 8.0% cap rate for $4,390,000. Located in the heart of Pecos County' s retail corridor (US Interstate 10), Fort Stockton Marketplace benefits from excellent visibility and access along the main thoroughfare artery serving the Trans-Pecos and Big Bend regional area of West Texas. Fort Stockton is continually expanding its retail market, as the community serves nearly 5,000 square miles of Pecos County. Strategically located between San Antonio and El Paso, the sharp increase in demand for goods over the past decade has led to the recent completion of a Walmart Supercenter and several other national chains. The Walmart originally operated at the Center's location for 25 years before relocating in September 2011, just one half mile down the road from Fort Stockton Marketplace. This Walmart has an extensive draw as the only Walmart in nearly a 60-mile radius. Additional surrounding retailers include Lowe's Supermarket, Ace Hardware, Auto Zone, O' Reilly Auto Parts, Sonic, Taco Bell, McDonald's, as well as a host of national hotel chains with more than 1,100 rooms.