Palmhurst Village Shopping Center
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Palmhurst Village Shopping Center
3 Retail Properties Offered at £12,191,434 in Palmhurst, TX
Investment Highlights
- 84% Occupied, Upside in Leasing Vacancies Totaling 12,072 SqFt
- Wingstop Location Ranked in 98th Percentile Nationwide with 230,000 Visits per Year, per Placer.ai
- Excellent Visibility, Frontage, and Access in a Dense Retail Corridor (+50,000 Combined VPD)
- Ross Location Ranked in 93rd Percentile Nationwide with 560,000 Visits per Year, per Placer.ai
- Shadow Anchored by H-E-B. Grocery Co. and H-E-B Fuel & Wash, with Over 2.5MM Visits per Year, per Placer.ai (NAP)
- Assumable Loan Well Below Market Interest Rates at 5.59% and 60% LTV
Executive Summary
Palmhurst Village Shopping Center is an 84% occupied investment opportunity with an excellent tenant mix, driving traffic to the area. Ross Dress for Less and Wingstop tenants rank in the 93rd and 98th percentiles nationwide with 790,000 visits combined per year, per Placer.ai. The 3 building asset sits on a massive 13.22 acre lot with ample parking and is strategically placed at a hard corner signalized intersection with +50,800 combined traffic counts. The subject property has excellent visibility, frontage, and access in a dense retail corridor with numerous national retailers in the immediate surrounding area.
The site is shadow anchored by H-E-B Grocery Co. and H-E-B Fuel & Wash with over 2.5MM visits per year per Placer.ai. The subject property is 5.5 miles from Mission Regional Medical Center (approximately 1,000 employees) and is directly adjacent to Walmart anchored shopping center with national retailers such as GameStop, Murphy USA, Verizon, Subway, Jack in the Box, and more. There are several multi-family developments in the surrounding area, with over 630 units within a 4-mile radius of the site.
Watch Property Video: https://vimeo.com/1018979939/de4bb1c324?share=copy
The site is shadow anchored by H-E-B Grocery Co. and H-E-B Fuel & Wash with over 2.5MM visits per year per Placer.ai. The subject property is 5.5 miles from Mission Regional Medical Center (approximately 1,000 employees) and is directly adjacent to Walmart anchored shopping center with national retailers such as GameStop, Murphy USA, Verizon, Subway, Jack in the Box, and more. There are several multi-family developments in the surrounding area, with over 630 units within a 4-mile radius of the site.
Watch Property Video: https://vimeo.com/1018979939/de4bb1c324?share=copy
Property Facts
| Price | £12,191,434 | Number of Properties | 3 |
| Price / SF | £136.50 / SF | Individually For Sale | 0 |
| Net Initial Yield | 7.37% | Total Building Size | 89,316 SF |
| Sale Type | Investment | Total Land Area | 29.66 AC |
| Status | Active |
| Price | £12,191,434 |
| Price / SF | £136.50 / SF |
| Net Initial Yield | 7.37% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 89,316 SF |
| Total Land Area | 29.66 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Palmhurst Village Shopping Center
228 E Mile 3 Rd, Palmhurst, TX 78573 |
Retail | 50,944 SF | 2015 | - |
|
Palmhurst Village Shopping Center
300 E Mile 3 Rd, Palmhurst, TX 78573 |
Retail | 31,423 SF | 2015 | - |
|
Palmhurst Village Shopping Center
222 E Mile 3 Rd, Palmhurst, TX 78573 |
Retail | 6,949 SF | 2015 | - |
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Cushman & Wakefield
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Palmhurst Village Shopping Center
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