1233 Tenaha St - Storefront FOR SALE


Center, TX 75935
$3,785,310 USD
561-602-8390
1233 Tenaha St, Center, TX for Sale
$3,785,310 USD
Storefront - FOR SALE
1/6
null | 7.25% Cap Rate

1233 Tenaha St
Center, TX 75935


HIGHLIGHTS

  • 7.25 Cap Value add retail center with growth and leasing upside
  • Located in the tax free state of Texas, enhancing after tax cash flow
  • Tractor Supply and Goodwill recently extended their leases, confirming long term commitment
  • New roof completed in 2024, limiting near term capital expenditure risk
  • In-place rents are below market and replacement cost, providing long-term upside
  • Necessity based tenants generating stable daily traffic and durable cash flow

OVERVIEW

This is an exceptional opportunity to acquire a dominant, necessity based retail center anchored by Tractor Supply Company and Goodwill at a signalized intersection in the heart of Center Texas. The property serves as a primary retail destination for the surrounding trade area with strong visibility, steady traffic, and limited competitive supply. Both Tractor Supply and Goodwill have recently extended their leases, clearly demonstrating long term commitment to the location. In place rents are well below market and below replacement cost, creating meaningful embedded upside over time. The property is located in the tax free state of Texas, enhancing after tax returns. A new roof was completed in 2024, materially reducing near term capital exposure and strengthening the overall investment profile.

FOR SALE DETAILS

PRICE

$3,785,310 USD

PRICE/SF

$62 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7.25 Cap Value Add Shopping Center - Texas

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Garden Center, Supermarket, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

485

LAND DETAILS

LAND ACRES

5.92 AC

LAND SF

257,875 SF

ZONING

Commercial

APN/PARCEL ID

R23240

ASK ABOUT THIS PROPERTY

Christopher TwistColliersMore Info
561-602-8390

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Christopher TwistColliersMore Info
561-602-8390

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