713-725 W Henderson St - Retail FOR SALE


Cleburne, TX 76033
$7,811,000 USD
214-675-3665
713-725 W Henderson St, Cleburne, TX for Sale
$7,811,000 USD
Retail - FOR SALE
1/7
null | 6.5% Cap Rate

713-725 W Henderson St
Cleburne, TX 76033


HIGHLIGHTS

  • ?Directly across from HEB (2.2M annual visits) and close proximity to Walmart Supercenter (2.9M annual visits) along Henderson Street, the primary com
  • ?Contractual rent growth for all tenants creating a stabilized income stream with 10.4-year WALT
  • Newly remodeled building that features a diverse lineup of national credit tenants and strong local operators

OVERVIEW

DuWest Realty Investment Services is pleased to present the opportunity to acquire a 100% occupied, 14,536 square foot multi-tenant retail center strategically positioned along Henderson Street in Cleburne, Texas, the primary commercial corridor serving this DFW submarket.? The Property has been newly remodeled, and is anchored by a proven tenant mix of both national credit brands and established local operators, including Chipotle, Jersey Mike's, Nothing Bundt Cakes, America's Best, Metro by T-Mobile, Fred Loya Insurance, and Glow Nail Bar.? The Property benefits from exceptional co-tenancy and an irreplaceable location directly across from H-E-B, which draws 2.2 million annual customer visits, and in close proximity to Walmart Supercenter, which generates 2.9 million annual visits.? This grocery-anchored retail ecosystem drives sustained, high-frequency consumer traffic to the corridor.? New ownership will acquire a stabilized income stream with a weighted average lease term (WALT) of 10.4 years, providing long-term cash flow stability.? All tenants are subject to contractual rent growth (5 of 7 tenants have annual increases) offering built-in NOI escalation throughout the hold period.? The property benefits from healthy rents with the average at only $29.17 PSF (excluding Chipotle).? This offering represents a rare opportunity to acquire a fully stabilized, multi-tenant retail asset in a supply-constrained North Texas market.?

FOR SALE DETAILS

PRICE

$7,811,000 USD

PRICE/SF

$1,441 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Henderson Crossing

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

126-2800-27460

ASK ABOUT THIS PROPERTY

Will WaltersDuWest RealtyMore Info
214-675-3665

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Will WaltersDuWest RealtyMore Info
214-675-3665

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