Cedar Hill Crossing

Price: $26,500,000
Sq. Ft.: 187,770
Cap Rate: 7.86%
Built: 2000
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Cedar Hill Crossing - COVER PIC

Cedar Hill Crossing is a 187,770-square-foot, multi-tenant power center in Cedar Hill, Texas.  Anchored by Kohl’s, the center’s gross leasable area is more than 75% leased to national credit tenants, including PetCo, Davita Health Partners, Dollar Tree, Famous Footwear, Old Chicago Pizza, Panda Express, Starbucks Coffee, Guitar Center, Pizza Hut, and others.  The stabilized center is 97 percent occupied, and 95 percent of the gross leasable area has triple-net leases. The subject property consists of two separate parcels totaling 16.93 acres with Home Depot, Albertsons, and several pad sites in between (not a part). The buildings were constructed in 2000.