Post Oak Shopping Center

  • $3.8M
Featured For Sale
13912 Trinity Boulevard, Euless, TX 76040, USA
Featured

Post Oak Shopping Center

13912 Trinity Boulevard, Euless, TX 76040, USA
  • $3.8M

Description

Marketing Description
Marcus & Millichap is pleased to offer the opportunity to acquire a value-add neighborhood shopping center in the Dallas-Fort Worth suburb of Euless, Texas. Post Oak Shopping Center is a 20,620-square foot, a multi-tenant building that is currently 83 percent occupied, providing upside potential in leasing the vacant space and converting the gross lease to triple-net. Tenants consist of a complementary mix of internet-resistant retailers including Valero, Po Boys Pizza, Rob’s Sports Bar, Cubit Construction, Donuts Shop, and Pipe Xtreme. Valero has been in the center for more than 30 years. Constructed in 1986, the building is situated on 2.3-acres with ample paved parking.

Investment Highlights
320,620-Square Foot, Multi-Tenant Neighborhood Retail Center
Anchored by Valero, the World’s Largest Independent Petroleum Refiner | a Fortune 50 Company that is Publicly Traded on the NYSE (VLO)
Valero is a Long-Term Tenant that has been in the Center more than 30 Years | Lease is Guaranteed by Skipper Beverage Company LLC, a Wholly-Owned Subsidiary of Valero
83% Occupied | 71% of the Gross Leasable Area has Triple-Net Leases
Upside Potential in Leasing Vacant Space and Converting Gross Leases | Pro Forma Cap Rate is 9.95%
Tenant Base is a Complementary Mix of Internet-Resistant Businesses
Situated on a 2.33-Acre Lot with Ample Paved Parking
Signalized, Hard Corner Location at Trinity Boulevard and Post Oak Boulevard Near Highway 360
Traffic Counts are Approximately 24,400 Vehicles per Day
Directly South of the New American Airlines Corporate Headquarters | Opened in May 2019 | Servicing 7,000 Employees Daily
Less than Five Miles from Dallas-Fort Worth International Airport
Extremely Dense Population in the Surrounding Area | Approximately 234,650 Residents within Five Miles of the Property
The Average Household Income within Five Miles is $73,500
Located in the Mid-Cities of Hurst-Euless-Bedford (HEB) | 18 Minutes from the Central Business District in Forth Worth and 23 Minutes from the Dallas Central Business District

Details

Updated on July 28, 2019 at 6:57 pm
  • Property ID: 18478
  • Price: $3.8M
  • Property Size: 20620 sqft
  • Year Built: 1986
  • Property Type: Retail
  • Property Status: For Sale
  • Price Per/Sf: 182.35
  • Lot Size (acres): 2.33
  • Number of Buildings: 1
  • Tenancy: Multi
  • Cap Rate: 6.58%
  • Net Operating Income: 247,471
  • Investment Type: Value Add

Additional details

  • Lease Type: NNN
  • Number of Tenants: 6
  • Pro-Forma Cap Rate: 9.95%
  • Occupancy: 83%
  • Pro-Forma NOI: $374,224
  • Address 13912 Trinity Boulevard, Euless, TX 76040, USA
  • City Euless
  • State/county Texas
  • Zip/Postal Code 76040
  • Country United States

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Contact Information

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Philip Levy
  • Philip Levy
  • (972) 755-5225

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Philip Levy
  • Philip Levy