Multi-tenant retail center in Sweetwater, Texas, anchored by national brands.
Property Size77,925 SF
Lot Size6.71 Acres
Price / SF$62.66
Days on Market670
Property Features for 1008 E Broadway Ave
General Information
Standard statusActive
Size77,925 SF
Lot size6.71 Acres
Property subtypeRetail
Occupancy94%
Lease TypeNNN
Investment TypeValue Add
Net Operating Income$439,430
Building Details
Year Built1975
Buildings1
Units15
TenancyMulti
Listing Agency:Marcus & Millichap - Dallas
Listed By:Philip Levy · License #TX 522087(972) 755-5225
Source:Crexi
Added: Nov 6, 2024Changed: Sep 2Last Checked: Sep 7 at 9:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
Nolan County Plaza is a 77,925-square-foot, multi-tenant retail center located in Sweetwater, Texas. Constructed in 1975, the center is situated on approximately 6.71 acres with ample paved parking and a double-sided monument sign. The center is currently 94 percent occupied with approximately 50 percent of the leases on triple-net terms, providing significant upside potential in leasing remaining vacancies and converting all leases to triple-net. Anchored by Dollar Tree, Bealls, and Dollar General, the tenant base is a complementary mix of national, regional and local businesses. Other tenants include Shoe Sensation, Anytime Fitness, H&R Block, Mustang Donuts, Howdy Vape & Smoke, Spinners, Factory Connection, Sudden Link, and a Kooler Ice Kiosk located in the parking lot. Nolan County Plaza is located at the signalized intersection of East Broadway Avenue and Hailey Street. Broadway Avenue is one of the main east/west thoroughfares in the city. Nearby national and regional retailers include Ace Hardware, Sonic Drive-In, Harbor Freight Tools, Brookshire's, Pizza Hut, O'Reilly Auto Parts, Subway, Family Dollar, and many others. Sweetwater high School, Sweetwater Intermediate School, and Sweetwater Middle School are all in close proximity to the subject property, providing additional traffic to the area. The 10-mile population is approximately 13,864 residents, having an average household income of $60,194. Landlord reports a new roof will be installed by the end of 2024. Other recent property improvements include new exterior LED lights, sealed and striped parking lot, new electrical transformer, and complete renovations for Bealls and Shoe Sensation.
Key Highlights
94% Occupancy Rate with Upside Potential: High occupancy indicates strong performance.
Strong Anchor Tenants: Anchored by Dollar Tree, Bealls, and Dollar General, attracting consistent customer traffic.
Strategic Location: Located at a signalized intersection on a main thoroughfare with proximity to schools and other retailers.
Property Analytics
Current Use
Shopping centers
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79556, TX
12,644
Population
6,238
Households
2
Avg Household Size
40
Median Age
13%
College-Educated
83%
High-School Grad
378.4 sq mi
ZIP Area
33
Density / Sq Mi
$48,582
Median Household Income
$30,918
Median Earnings
$855
Median Rent
$97,800
Median Home Value
Market
Vacancy Rate%for Retail in South region
7%2020
6.2%2021
5.1%2022
4.8%2023
4.9%2024
5.4%2025
Questions? Ask Rey
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Shopping center - Multi-tenant retail center in Sweetwater, Texas, anchored by national brands.
Where is this shopping center located?
The property is located at 1008 E Broadway Ave Sweetwater, TX.
What is the asking price?
The asking price for this property is $4,882,500.
What are key features of this property?
This property features: 94% Occupancy Rate with Upside Potential: High occupancy indicates strong performance.; Strong Anchor Tenants: Anchored by Dollar Tree, Bealls, and Dollar General, attracting consistent customer traffic.; Strategic Location: Located at a signalized intersection on a main thoroughfare with proximity to schools and other retailers.
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