720 S Highway 377 - Freestanding FOR SALE


Roanoke, TX 76262
$5,578,000 USD
214-960-2835
720 S Highway 377, Roanoke, TX for Sale
$5,578,000 USD
Freestanding - FOR SALE
1/8
null | 7.67% Cap Rate

720 S Highway 377
Roanoke, TX 76262


HIGHLIGHTS

  • 2021 Construction, 12,770 SF Value-Add Retail Center Opportunity on HWY 377 in the Affluent DFW Submarket of Roanoke, TX
  • Tropical Smoothie Café (DYNE Hospitality Group) Largest Tropical Smoothie Café Franchisee with 124 Locations Across TX, OK, KS, AK, MO, AL, GA & FL
  • U.S. Highway 377, a Primary North/South DFW Thoroughfare with Connections to State Highway 114 & Highway 170
  • Affluent Submarket with Average Household Income Exceeding $119,900 & $192,700 within a 1 & 3-Mile Radii
  • Over 1.3 MM SF of Retail GLA & 17.5 MM SF of Industrial GLA in a 2-Mile Radius
  • Nearby National Tenant Retailers Include Starbucks, Planet Fitness, The Home Depot, PetSmart, Whataburger, & McDonalds Amongst Others

OVERVIEW

Tropical Smoothie & UPS Value-Add Strip Center is a 2021 construction, 12,770 SF retail center fronting U.S. Highway 377 in the Dallas Forth Worth submarket of Roanoke, Texas. The Property is Currently leased at 39.33% with Tropical Smoothie Cafe on a 10-year lease for the 1,643 square foot drive-thru end cap, and Mirra Periodontal & Implant Center and The UPS Store in middle spaces. The Property offers upside potential through leasing the remaining 7,747 square feet of space, with 3,728 square feet of space (demisable) on the end cap. Tropical Smoothie & UPS Value-Add Strip Center benefits from strong fundamentals with its frontage to U.S. Highway 377, masonry veneer, stucco, and aluminum-framed glass storefront systems with double entry door facades, drive-thru end cap (Tropical Smoothie Cafe), highly visible two-sided monument sign, shallow-bay depth and ample parking and multiple ingress/egress points of entry. Over 1.3 million square feet of retail exists in a 2-mile radius of Tropical Smoothie & UPS Value-Add Strip Center with surrounding area retailers including Starbucks, Planet Fitness, The Home Depot, PetSmart, Whataburger, & McDonalds amongst others.

FOR SALE DETAILS

PRICE

$5,578,000 USD

PRICE/SF

$422 USD /SF

CAP RATE

7.67%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tropical Smoothie & UPS Value-Add Strip

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

Retail/Office

APN/PARCEL ID

R983723

ASK ABOUT THIS PROPERTY

Tim AxilrodSHOP CompaniesMore Info
214-960-2835

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Tim AxilrodSHOP CompaniesMore Info
214-960-2835

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