Multi-Tenant Retail
713 W Henderson St, Cleburne, TX 76033
For Sale
$7,811,000
Newly remodeled, 100% occupied multi-tenant retail center anchored by national and local operators.
Property Size14,536 SF
Price / SF$537.36
Days on Market190
Property Features for 713 W Henderson St
General Information
Standard status
Size
Property subtype
Occupancy
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
DUWEST
Listed By:
Will Walters · License TX #596941
(214) 675-3665
Source:
Commercialcafe
Added: May 8
Changed: Nov 12
Last Checked: Nov 12 at 4:25AM
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 DUWEST
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Investment Insights
Based on property information with market context.
DuWest Realty Investment Services presents the opportunity to acquire a newly remodeled, 100% occupied multi-tenant retail center totaling 14,536 square feet. The tenant mix includes Chipotle, Jersey Mike’s, Nothing Bundt Cakes, America’s Best, Metro by T-Mobile, Fred Loya Insurance, and Glow Nail Bar.
The property is positioned along Henderson Street in Cleburne, Texas, the primary commercial corridor for this DFW submarket. The center is directly across from H-E-B and is also in close proximity to Walmart Supercenter, supporting high-frequency consumer traffic to the corridor.
The offering provides a stabilized income stream with a weighted average lease term (WALT) of 10.4 years. Contractual rent growth is in place for all tenants, with 5 of 7 tenants featuring annual increases, and the average rent is reported at $29.17 per square foot (excluding Chipotle).
The property is positioned along Henderson Street in Cleburne, Texas, the primary commercial corridor for this DFW submarket. The center is directly across from H-E-B and is also in close proximity to Walmart Supercenter, supporting high-frequency consumer traffic to the corridor.
The offering provides a stabilized income stream with a weighted average lease term (WALT) of 10.4 years. Contractual rent growth is in place for all tenants, with 5 of 7 tenants featuring annual increases, and the average rent is reported at $29.17 per square foot (excluding Chipotle).
Key Highlights
- 14,536 SF, multi‑tenant retail center in Cleburne, TX on Henderson Street.
- 100% occupied with a tenant mix including Chipotle, Jersey Mike's, Nothing Bundt Cakes, America's Best, Metro by T‑Mobile, Fred Loya Insurance, and Glow Nail Bar.
- Newly remodeled property with an average rent of $29.17 PSF (excluding Chipotle).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$241,274
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,825,480
$4.8M
Cap Rate 7%
$3,446,771
$3.4M
Cap Rate 9%
$2,680,822
$2.7M
Market Conditions
NOI Build-Up for 14,536 SF
Gross rent
$362.8K $24.96/SF
− Vacancy
−$18.1K −$1.25/SF
EGI
$344.7K $23.71/SF
− OpEx
−$103.4K −$7.11/SF
NOI
$241.3K $16.60/SF
Area
Johnson County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,825,480
Cap Rate 7%
$3,446,771
Cap Rate 9%
$2,680,822
Alternative Uses
Best Use
Retail
$3.45M
$3.02M – $4.02M
NOI $241,274 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.99M
$3.49M – $4.66M
NOI $279,440 @ 7.0% cap · market cap 3.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
206k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Groceries 33%
Shops & Services 13%
Electronics 1%
H-E-B
Groceries
67,964 visits/mo
0.3 miles
Chick-fil-A
Dining
26,362 visits/mo
0.0 miles
H-E-B Fuel
Shops & Services
19,385 visits/mo
0.2 miles
Whataburger
Dining
18,750 visits/mo
0.5 miles
Taco Bell
Dining
16,143 visits/mo
0.1 miles
Demographics for 76033, TX
27,243
Population
10,962
Households
2.5
Avg Household Size
39
Median Age
21%
College-Educated
88%
High-School Grad
176.1 sq mi
ZIP Area
155
Density / Sq Mi
$69,870
Median Household Income
$40,168
Median Earnings
$1,287
Median Rent
$230,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Shopping center - Newly remodeled, 100% occupied multi-tenant retail center anchored by national and local operators.
Where is this shopping center located?
The property is located at 713 W Henderson St Cleburne, TX.
What is the asking price?
The asking price for this property is $7,811,000.
What are key features of this property?
This property features: 14,536 SF, multi‑tenant retail center in Cleburne, TX on Henderson Street.; 100% occupied with a tenant mix including Chipotle, Jersey Mike's, Nothing Bundt Cakes, America's Best, Metro by T‑Mobile, Fred Loya Insurance, and Glow Nail Bar.; Newly remodeled property with an average rent of $29.17 PSF (excluding Chipotle).
