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Two-Tenant NNN Retail Center
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151 Nolen Dr, Southlake, TX 76092

Two-tenant retail center built in 2008, 100% occupied with triple-net leases.

Property Size11,700 SF
Lot Size1.00 Acre
Days on Market135

Property Features for 151 Nolen Dr

General Information

Standard status Active
Size 11,700 SF
Lot size 1.00 Acre
Property subtype Retail
Occupancy 100%

Additional Details

Highway Access Yes

Building Details

Year Built 2008
Tenancy Multi
Listing Agency: Marcus & Millichap - Dallas
Listed By: Philip Levy · License #TX 522087
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 10:27AM

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.

Wyndham Plaza II is an 11,700-square-foot, two-tenant retail center constructed in 2008, situated on a one-acre parcel. The property is currently 100% occupied, with all leases structured as triple-net agreements.

The center is located at 151 Nolen Dr in Southlake, Texas, on North Nolen Drive near the signalized intersection of Southlake Boulevard and Nolen Drive, just south of State Highway 114. The development is shadow-anchored by Costco and positioned within a broader retail corridor that includes retailers such as Lowe’s Home Improvement, HomeGoods, Staples, Ulta Beauty, Kohl’s, The Home Depot, Kroger, PGA Tour Superstore, PetSmart, and Old Navy.

Tenant occupancy includes Manny’s Uptown Tex-Mex and Sola Salons. The surrounding trade area includes more than 126,173 residents within five miles and a five-mile average household income of $158,902.

Key Highlights

  • 11,700‑SF, two‑tenant retail center built in 2008 on a one‑acre parcel
  • Currently 100% occupied with all leases on a triple‑net (NNN) basis
  • Tenant mix includes internet‑resistant businesses: Manny's Uptown Tex‑Mex and Sola Salons

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Parking Lot & Garage Hotel & Motel (Bike/Boat/Book/etc) Store Butcher Grocery & Convenience Store Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,040
Businesses Nearby
Well-served
Demand for This Use

Demographics for 76092, TX

31,924
Population
9,886
Households
3.2
Avg Household Size
42
Median Age
75%
College-Educated
99%
High-School Grad
22.7 sq mi
ZIP Area
1,406
Density / Sq Mi
$250,001
Median Household Income
$123,882
Median Earnings
$3,501
Median Rent
$956,200
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
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Two-tenant retail center built in 2008, 100% occupied with triple-net leases.
Where is this shopping center located?
The property is located at 151 Nolen Dr Southlake, TX.
What are key features of this property?
This property features: 11,700‑SF, two‑tenant retail center built in 2008 on a one‑acre parcel; Currently 100% occupied with all leases on a triple‑net (NNN) basis; Tenant mix includes internet‑resistant businesses: Manny's Uptown Tex‑Mex and Sola Salons
(972) 755-5225 Call to check price and availability
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