HIGHLIGHTS
- 99% occupied, ±105,000 SF lifestyle center with Triple-net leases and no options
- Diverse mix of internet-resistant, experience-based tenants including youth sports and fitness
- Southlake ranks #8 among nation's most affluent communities; avg HH income $171,556
- Offered at $218/SF — attractive basis with current avg rent of $18/SF, below market comps
- Over $700,000 in recent CAPEX including $392,000 silicone roof and $300,000 parking lot work
- WALT ±3.13 years; 45.8% of tenants in place 5+ years, 16.7% in place 10+ years
FOR SALE DETAILS
PRICE
$22,850,000 USD
PRICE/SF
$218 USD /SF
CAP RATE
7.72%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Southlake Commons
PROPERTY TYPE
Office
ADD'L SUBTYPES
Freestanding, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
B
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
129
LAND DETAILS
LAND ACRES
4.15 AC
LAND SF
180,774 SF
ZONING
F1
APN/PARCEL ID
40012069
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678-451-9255
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