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Property profile & analytics
FOR LEASE
Strip malls

2620 Gus Thomasson Rd Mesquite, TX 75150

21,040 SF 2 ac lot Built 2007
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US82-2125783
Property summary
AI-generated overview

The Shops at Gus Thomasson, located at 2620 Gus Thomasson Rd, offers a prime retail opportunity in the Mesquite Submarket's Town Est Submarket cluster. This single-story, Class B retail center, built in 2009, totals 20,400 square feet and features ten suites. Currently, 9,840 square feet of space is available for lease, with options ranging from a minimum of 1,440 square feet to a maximum contiguous space of 6,000 square feet. The property sits on two acres of land and boasts 105 total parking spaces, providing ample parking for both tenants and customers. Its strategic location at the northeast quadrant of Town Center Drive and Gus Thomasson Road offers excellent visibility and accessibility. The center benefits from high traffic volume, with 23,179 vehicles per day on Gus Thomasson Road and 12,228 vehicles per day on Town Center Drive. The Shops at Gus Thomasson is situated across from residential areas including single-family homes and multi-family units, as well as Mesquite ISD's Tosch Elementary and McDonald Middle School, ensuring a consistent flow of potential customers. The property also features building signage visible to passing traffic. Available spaces include a 1,440 square foot second-generation hair salon and a 2,400 square foot second-generation retail space. The recently constructed 227-unit Cloverleaf Crossing Townhomes, located directly north of the property, further enhance the area's demographic appeal. The property is zoned for General Retail use.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Construction TILT-UP CONCRETE
Total area 21,040 SF
Lot 2 ac (87,120 SF)
Zoning code Z31
APN 382080100A0020000
UPID US82-2125783
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Kingsmen Barber Shop Barber Shop
  • FRUTERIA LA GRANDE Agricultural Supply Grocery & Convenience Store
  • Balloons by Luz Paz Express in Dallas, Texas - Your balloon store, party decoration, and balloon bouquets Party Supply Store
  • Eden Fruteria Ice Cream Grocery & Convenience Store Specialty Food Shop
  • Fantasy Cakes Inc. Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$865k
CAP Approach CAP
by Request
Comparable Approach Comparable
$609k
Blend (final) Blend
$740k
Owner & transaction history
2620 Property LLC · 3 yrs held
2620 Property LLC
since 2022
3 recorded transactions
2022
Price N/A
2013
Price N/A
2006
Price N/A
Zoning & alternative use
Z31 · Mesquite, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.2M +36.7%
Warehouse, storage $880,000 +1.2%
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