Southlake Pavilion | 1959 W Southlake Blvd
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Southlake Pavilion 1959 W Southlake Blvd
10,022 SF 72% Leased Retail Building Southlake, TX 76092 £2,545,664 (£254/SF) 6.33% Net Initial Yield
Investment Highlights
- Below Market Rents With an Average of $19.48/Sf, Compared to $35.00/Sf in Similar Centers Nearby.
- Strong Tenant Retention, With 46% of Tenants Occupying for Over 12 Years and 56% Over 9 Years.
- Strong Demographics and High Spending Power in Southlake, TX, With Average Household Incomes Around $328,117 Per Year.
- Built-In Rental Increases With Annual Rent Bumps in Existing Leases.
- Majority of Rent Roll Consists of Small, Leasable Suites (69% Under 1,400 Sf), With Potential to Convert Remaining 31% for Higher Rents.
- High Visibility and Traffic Counts Off Southlake Blvd., With Approximately 56,319 Daily Traffic Count, Making It Ideal for Various Retail/Medical Uses
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
10,022 SF
Building Class
B
Year Built
2006
Price
£2,545,664
Price Per SF
£254
Net Initial Yield
6.33%
NOI
£161,145
Percent Leased
72%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.20
Lot Size
1.16 AC
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 180
- 1,500 SF
- Retail
- -
- Now
- 1808
- 1,300 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 180 | 1,500 SF | Retail | - | Now |
| 1808 | 1,300 SF | Retail | - | Now |
180
| Size |
| 1,500 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1808
| Size |
| 1,300 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 41152107 | Improvements Assessment | £1,026,565 |
| Land Assessment | £508,579 | Total Assessment | £1,535,144 |
PROPERTY TAXES
Parcel Number
41152107
Land Assessment
£508,579
Improvements Assessment
£1,026,565
Total Assessment
£1,535,144
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Southlake Pavilion | 1959 W Southlake Blvd
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