1401 S Highway 287 - Storefront Retail/Office FOR SALE


Decatur, TX 76234
$7,500,000 USD
903-574-2647
1401 S Highway 287, Decatur, TX for Sale
$7,500,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 7.24% Cap Rate

1401 S Highway 287
Decatur, TX 76234


HIGHLIGHTS

  • Fully Leased: 100% occupied asset with a strong tenant mix offering immediate in-place cash flow.
  • Diverse Rent Roll: Occupied by service-oriented and internet-resistant tenants including restaurants, beauty services, and national brands.
  • NNN Lease Structure: All tenants operate under triple-net leases, significantly reducing ownership responsibilities.
  • Highway Frontage: Excellent visibility and signage opportunity along S Highway 287, a major thoroughfare in Decatur.
  • Stable Market Fundamentals: Located in a growing regional market with expanding residential and commercial bases.

OVERVIEW

Decatur Star Shopping Center (the “Property”) is a prominently located along Highway 287 in Decatur, Texas, benefiting from direct visibility and ease of access in a growing regional corridor. The Property features strong ingress and egress with frontage exposure to a major highway, supporting consistent tenant traffic and branding visibility. Comprising approximately 25,568 square feet of gross leasable area, the Property is 100% occupied across a mix of diverse local and regional tenants. This multi-tenant retail center offers investors a stabilized income-producing asset with long-term lease commitments in place. The rent roll is supported by triple-net (NNN) leases, minimizing landlord responsibilities and ensuring predictable cash flow. The Property’s highway frontage, full occupancy, and position within an established trade area support durable cash flow and long-term investment stability. These fundamentals, combined with Decatur’s steady growth and limited competitive supply, provide downside protection and sustained investor appeal.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$293 USD /SF

CAP RATE

7.24%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prospera Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

148

LAND DETAILS

LAND ACRES

3.06 AC

LAND SF

133,294 SF

ZONING

C-2

APN/PARCEL ID

D2339010100

ASK ABOUT THIS PROPERTY

John David CobbKidder MathewsMore Info
903-574-2647

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John David CobbKidder MathewsMore Info
903-574-2647

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