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    Southlake Retail Center For Sale Title is generated by Realmo AI

    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 SF
    Lot size:
    1.19 Acres
    Price / SF:
    $319/SF
    Added:
    Apr 29, 2024
    Days on Market:
    771
    Last Refresh:
    May 20 at 8:53 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

    We can help!

    Listing Contact
    Sam House
    Sam House

    Listing agent Sam House

    Listing office Secure Net Lease - Dallas

    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

    HighLights

    • 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.
    • Strong tenant retention with 46% occupying for over 12 years and 56% over 9 years.
    • Built‑in rental increases with annual rent bumps in existing leases.
    • Majority of rent roll consists of small, leasable suites (69% under 1,400 sf), with potential to convert remaining 31% for higher rents.

    Overview

    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.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $250.1k $24.96
    − Vacancy −$12.5k −$1.25
    EGI $237.6k $23.71
    − OpEx −$71.3k −$7.11
    NOI $166.3k $16.60
    10,022 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.38M
    $2.08M – $2.77M (±1% cap)
    NOI $166,349 @ 7.0% cap · market cap 5.20%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $3.53M
    $3.08M – $4.11M (±1% cap)
    NOI $246,782 @ 7.0% cap · market cap 7.71%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    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

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    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.
    (214) 522-7200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Sam House
    Sam House
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