Anchored Necessity Retail
For Sale
Contact for pricing
1155 Tenaha St, Center, TX 75935
Necessity retail anchored by Tractor Supply and Goodwill at a signalized intersection in Center, Texas.
Property Size60,965 SF
Price / SF$62.70
Days on Market53
Property Features for 1155 Tenaha St
General Information
Standard status
Active
Size
60,965 SF
Property subtype
Retail
Building Details
Year Built
1978
Listing Agency:
Colliers - Fort Lauderdale, Florida
Listed By:
Christopher Twist · License #FL
Source:
Crexi
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 5 at 12:06PM
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 Colliers - Fort Lauderdale, Florida
Investment Insights
Based on property information with market context.
This shopping center totals 60,965 SF and is anchored by Tractor Supply Co. and Goodwill. The property is described as value-add with in-place rents that remain below market and below replacement cost, and the two anchor tenants have recently extended their leases. A new roof was completed in 2024, which is intended to help reduce near-term capital expenditure considerations.
The center is positioned at a signalized intersection, offering prominent visibility and access from passing traffic. Public remarks state traffic counts exceeding 5,000 vehicles per day, supporting the property’s role as a retail destination for the surrounding trade area within Center’s primary retail corridor.
For investors or owner-operators, the tenant mix centers on essential-use retail, anchored by nationally recognized operators with lease extensions. The combination of durable day-to-day traffic drivers, stabilized occupancy through the anchor commitments, and the noted gap between current rents and market/replacement cost is presented as the core strategy for value creation. The asset is offered for sale in a Texas market described as tax-friendly in the public remarks.
The center is positioned at a signalized intersection, offering prominent visibility and access from passing traffic. Public remarks state traffic counts exceeding 5,000 vehicles per day, supporting the property’s role as a retail destination for the surrounding trade area within Center’s primary retail corridor.
For investors or owner-operators, the tenant mix centers on essential-use retail, anchored by nationally recognized operators with lease extensions. The combination of durable day-to-day traffic drivers, stabilized occupancy through the anchor commitments, and the noted gap between current rents and market/replacement cost is presented as the core strategy for value creation. The asset is offered for sale in a Texas market described as tax-friendly in the public remarks.
Key Highlights
- 60,965 SF necessity‑based retail shopping center in Center, TX, built in 1978
- Anchored by Tractor Supply Co. and Goodwill, with both tenants recently extended leases
- Located at a signalized intersection with traffic counts exceeding 5,000 vehicles per day
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75935, TX
13,060
Population
5,753
Households
2.3
Avg Household Size
39
Median Age
14%
College-Educated
82%
High-School Grad
356.9 sq mi
ZIP Area
37
Density / Sq Mi
$54,007
Median Household Income
$31,286
Median Earnings
$935
Median Rent
$118,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Necessity retail anchored by Tractor Supply and Goodwill at a signalized intersection in Center, Texas.
Where is this shopping center located?
The property is located at 1155 Tenaha St Center, TX.
What is the asking price?
The asking price for this property is $3,822,585.
What are key features of this property?
This property features: 60,965 SF necessity‑based retail shopping center in Center, TX, built in 1978; Anchored by Tractor Supply Co. and Goodwill, with both tenants recently extended leases; Located at a signalized intersection with traffic counts exceeding 5,000 vehicles per day
