2401 S State Highway 36 - Freestanding FOR SALE


Gatesville, TX 76528
$4,190,000 USD
918-794-9516
2401 S State Highway 36, Gatesville, TX for Sale
$4,190,000 USD
Freestanding - FOR SALE
1/6
null | 7.75% Cap Rate

2401 S State Highway 36
Gatesville, TX 76528


HIGHLIGHTS

  • Anchored by nationally recognized Tractor Supply Co. and Bealls delivering strong daily customer draw
  • POTENTIAL FOR OUTPARCEL CONSTRUCTION
  • LOCATED AT THE INTERSECTION OF "MAIN & MAIN" - 29,600 VPD
  • LARGE 5.74 -ACRE PARCEL WITH STRONG DEMOGRAPHIC BASE
  • RECENT CAPITAL IMPROVEMENT – ROOF REPLACEMENT

OVERVIEW

Positioned along the active Texas 36 commercial corridor, this fully occupied multi tenant investment property in Gatesville presents a stable, income producing asset supported by strong national and regional operators. Offered as fee simple ownership, the center comprises approximately 44,356 rentable square feet situated on roughly 5.74 acres, creating an efficient balance of building mass and site functionality. The investment is anchored by Tractor Supply Co. and Bealls, two retailers known for consistent customer draw and durable performance in rural and regional markets. Their presence enhances long term stability and positions the center as a primary retail destination within the trade area. Supporting these anchors are additional tenants and a revenue generating kiosk component that rounds out the tenancy mix. The property reports a net operating income of $324,700 and is offered at a purchase price of $4,190,000, resulting in an attractive 7.75 percent capitalization rate. These metrics, combined with 100 percent occupancy, provide a compelling profile for investors seeking predictable cash flow with upside potential. The site also offers the opportunity for a QSR outparcel, allowing future expansion or redevelopment options that can enhance long term value. Recent capital improvements improve durability and operational efficiency, further strengthening the asset’s risk adjusted profile.

FOR SALE DETAILS

PRICE

$4,190,000 USD

PRICE/SF

$94 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-Tenant Investment Property

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

269

LAND DETAILS

LAND ACRES

5.74 AC

LAND SF

250,034 SF

ZONING

-

APN/PARCEL ID

106772

ASK ABOUT THIS PROPERTY

Chad ByerlyNorthmarqMore Info
918-794-9516

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Chad ByerlyNorthmarqMore Info
918-794-9516

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