Plaza Point Shopping Center

Property Details

Asking Price:
$6,074,924
Tenancy:
Multi-Tenant
Occupancy:
100%
Property Type:
Shopping Center
Lease Type:
NNN
Lease Term:
10 years
Square Footage:
62,463 sqft
Year Built:
2008
Lot Size:
6.7 acres
NOI:
$440,432

Plaza Point Shopping Center

War Room

Confidentiality Agreement

Property Overview

  • Anchored by a high traffic Tractor Supply Company (Nasdaq: TSCO), which ranked 41 out of 208 stores in the state of Texas in terms of customer traffic according to Placer.ai.
  • Shadow-anchored by a 183,000sf Walmart Supercenter which ranks 38 out of 391 Supercenters in the state of Texas doing over $92M in sales per year according to Claritas (formerly A.C. Nielsen).
  • The Center benefits from the trade area’s strong incomes. The average HH income exceeds $128,000 in a 3-mile radius and $131,000 in a 5-mile radius.
  • Tractor Supply, O’Reilly Auto Parts, and Dollar Tree are all publicly traded companies with Investment Grade Credit (S&P: BBB or better) and make up 75.98% of the center’s GLA.
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