1959 W Southlake Blvd Southlake, TX
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Retail center with high visibility and strong tenant retention.
Type:RETAIL
Property size:
10,022 SFLot size:
1.19 AcresPrice / SF:
$319/SF- Added:
- Apr 29, 2024
- Days on Market:
- 726
- Last Refresh:
- Apr 5 at 10:10 pm
Property Features for 1959 W Southlake Blvd
General Information
- Standard status
- Active
- Size
- 10,022 SF
- Lot size
- 1.19 Acres
- Property subtype
- RETAIL
Listing agent Sam House
Listing office Secure Net Lease - Dallas (214) 522-7200
Listing date Apr 29, 2024
Source Moodyscre
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 Secure Net Lease - Dallas
Overview
Southlake Retail Center For Sale
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Places Nearby
- Southlake Marketplace — 2125 W Southlake Blvd 345 Suite 135, Southlake, TX 76092
Location Insight
- Map
- Local Demand
- City
- Southlake
- County
- Tarrant
- State
- Texas
- Longitude
- -97.1817
- Latitude
- 32.9396
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Retail center with high visibility and strong tenant retention.
Where is this shopping center located?
The property is located at 1959 W Southlake Blvd Southlake, TX.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: High visibility and traffic count (56,319 daily) on Southlake Blvd., ideal for retail/medical uses.; Located in Southlake, TX, with strong demographics and high average household incomes ($328,117).; Below market rents ($19.48/sf vs. $35.00/sf in similar centers) offering significant upside potential.
