1959 W Southlake Blvd Southlake, TX 76092

This Southlake, TX retail center presents an owner/user opportunity situated off the heavily-trafficked Southlake Boulevard corridor. The property features below-market rents, averaging $19.48 per square foot, compared to approximately $35.00 per square foot in similar nearby centers. Existing leases include built-in rental increases with annual rent bumps. The property demonstrates strong tenant retention, with approximately 46% of tenants occupying their spaces for over 12 years and approximately 56% over 9 years. Approximately 69% of the rent roll consists of small, leasable suites under 1,400 square feet, with the potential to convert the remaining approximately 31% for higher rents. Located off Southlake Boulevard, the property benefits from high visibility and traffic counts of approximately 56,319 vehicles per day, making it suitable for various retail and medical uses. The property is located in Southlake, TX, an area with strong demographics and high spending power, with average household incomes around $328,117 per year. The property contains 10,022 square feet.