Multi-Tenant Retail
713 West Henderson Street Cleburne, TX 76033
For Sale
Contact for pricing
Newly remodeled, 100% occupied multi-tenant retail center anchored by national and local operators.
Property Size14,536 SF
Price / SF$537.36
Days on Market87
Property Features for 713 West Henderson Street
General Information
- Standard status
- Active
- Size
- 14,536 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1982
Listing Agency:
DUWEST
(469) 601-0311
Listed By:
Will Walters · License #TX 596941
Source:
Crexi
Added: Apr 29
Changed: Jul 23
Last Checked: Jul 23 at 2:28PM
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
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 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 | $362.8k | $24.96 |
| − Vacancy | −$18.1k | −$1.25 |
| EGI | $344.7k | $23.71 |
| − OpEx | −$103.4k | −$7.11 |
| NOI | $241.3k | $16.60 |
14,536 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
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
Multifamily LT 5
$174.24M
$152.46M – $203.28M
NOI $12,196,656 @ 7.0% cap · market cap 156.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fred Loya Insurance
Insurance Agency
Similar Off Market Nearby
- Stonewater Church — 198-100 N Mill St, Cleburne, TX 76033
- Coinstar Kiosk | Bitcoin ATM — 600 W Henderson St H.E.B, Cleburne, TX 76033
- Coin Cloud Bitcoin ATM — 600 W Henderson St, Cleburne, TX 76033
- Burlap and Pearls — 115 S Main St Suite 106, Cleburne, TX 76033
- Coin Cloud Bitcoin ATM — 100 S Ridgeway Dr, Cleburne, TX 76033
FAQs
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 West Henderson Street 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).
