Anna Plaza Retail Center For
For Sale
Contact for pricing
Pending
701 W White St, Anna, TX 75409
14,625 SF retail center in rapidly growing Anna, Texas.
Property Size14,625 SF
Days on Market167
Property Features for 701 W White St
General Information
Standard status
Pending
Size
14,625 SF
Class
A
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$378,556
Building Details
Year Built
2003
Buildings
1
Units
5
Tenancy
Multi
Listing Agency:
Wenz Investment Group
Listed By:
Daniel Wenz · License #697886
Source:
Crexi
Added: Feb 26
Changed: Aug 8
Last Checked: Aug 8 at 6:30AM
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 Wenz Investment Group
Investment Insights
Based on property information with market context.
Anna Plaza is a 14,625 square foot retail center located in Anna, Texas. Anna is the sixth fastest-growing city in North Texas, situated within Collin County, which is the sixth fastest-growing county in America. According to the Anna Economic Development Corporation, the property presents an acquisition opportunity. Leases covering 44.5% of the gross leasable area (GLA) include 5% annual rent increases, while the remaining 55.5% have 3% annual increases. A full roof coating and full fire sprinkler system installation are planned for 2025.
Key Highlights
- Located in Anna, TX: The 6th fastest‑growing city in North Texas.
- Situated in Collin County: The 6th fastest‑growing county in America.
- Retail Center Size: 14,625 SF.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$235,323
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,706,460
$4.7M
Cap Rate 7%
$3,361,757
$3.4M
Cap Rate 9%
$2,614,700
$2.6M
Market Conditions
NOI Build-Up for 14,625 SF
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.
Gross rent
$352.8K $24.12/SF
− Vacancy
−$16.6K −$1.13/SF
EGI
$336.2K $22.99/SF
− OpEx
−$100.9K −$6.90/SF
NOI
$235.3K $16.09/SF
Area
Collin County, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,706,460
Cap Rate 7%
$3,361,757
Cap Rate 9%
$2,614,700
Alternative Uses
Best Use
Retail
$3.36M
$2.94M – $3.92M
NOI $235,323 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$14.53M
$12.72M – $16.95M
NOI $1,017,261 @ 7.0% cap · market cap 18.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
96k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Shops & Services 33%
Groceries 24%
Home Improvements & Furnishings 4%
Brookshire's
Groceries
22,917 visits/mo
0.5 miles
McDonald's
Dining
16,944 visits/mo
0.5 miles
Dollar Tree
Shops & Services
15,509 visits/mo
0.2 miles
7-Eleven
Shops & Services
14,364 visits/mo
0.3 miles
Chicken Express
Dining
5,515 visits/mo
0.5 miles
Demographics for 75409, TX
21,292
Population
8,558
Households
2.5
Avg Household Size
33
Median Age
35%
College-Educated
93%
High-School Grad
78.3 sq mi
ZIP Area
272
Density / Sq Mi
$97,941
Median Household Income
$48,632
Median Earnings
$1,947
Median Rent
$316,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Shopping center - 14,625 SF retail center in rapidly growing Anna, Texas.
Where is this shopping center located?
The property is located at 701 W White St Anna, TX.
What is the asking price?
The asking price for this property is $5,410,000.
What are key features of this property?
This property features: Located in Anna, TX: The 6th fastest‑growing city in North Texas.; Situated in Collin County: The 6th fastest‑growing county in America.; Retail Center Size: **14,625 SF.**
