Overview
Renovated Retail Center Near Walmart
This 16,400-square-foot shopping center, comprising three buildings on 1.97 acres, is fully occupied by 10 tenants. The property is next to Walmart and visible from Military Parkway. Recent major capital improvements include upgrades to the parking area, roof, paint, lighting, and signage. The property was fully renovated in 2025, with improvements to signage, the parking lot, lighting, paint, the fence, and the roof (in progress). The current rent roll indicates that 49% of the space is leased at approximately 50% below market rates, 25% is at approximately 25% below market rates, and 25% is at market rents, presenting a value-add opportunity to stabilize leases to market rates. The tenant mix includes long-standing businesses. The location benefits from high traffic counts, with 20,070 vehicles per day on Military Parkway and 8,200 VPD on Peachtree. Walmart attracts over 125,000 monthly visitors, with Walmart Gas adding over 40,000. The property is surrounded by national retailers such as McDonald’s, Starbucks, Panda Express, Whataburger, Waffle House, Jack in the Box, 7-Eleven, Ojos Locos, Dairy Queen, Murphy USA, Valero, Dutch Bros, Taco Bell, Sonic, Chipotle, and IHOP. It is also located minutes from the Mesquite Rodeo, Mesquite High School, a middle school, and high-density new developments.
