Ennis Crossroads

Price: $5,590,000
Sq. Ft.: 64,842
Cap Rate: 8.62%
Built: 1979
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Ennis Crossroads is a stabilized 64,842-square foot, multi-tenant retail center in the Dallas-Fort Worth suburb of Ennis, Texas. Anchored by Bealls department store, the center has a complementary mix of credit and local tenants, including Hibbett Sports, Aaron’s, Grand China Buffet, Picasso Dental, Advance America, Little Caesar’s Pizza, Rodney D. Young Insurance, Star Nails, Victory Therapy, Cross Fit, and Ennis Bible Church. The center is 100 percent occupied, and 69 percent of the gross leasable area has triple-net leases. Originally constructed in 1979, the building has significant renovations in 2005 and had a new roof installed in 2013.

  • 64,842-Square Foot Multi-Tenant Shopping Center
  • 100% Occupied | 69% of the Gross Leasable Area has Triple-Net Leases
  • Anchored by Bealls Department Store | Rent to Sales Ratio is 4.5%
  • Hibbett Sports Reports Strong Sales | Rent to Sales Ratio is 6.5%
  • Complementary Mix of Credit and Local Tenants
  • New Roof Installed in 2013 | Over Four Years Remain on the Warranty
  • Situated on 5.2 Acres with a Concrete Parking Lot
  • Priced at $86 per Square Foot | Well Below Replacement Cost
  • Located at the Southwest Quadrant of Interstate 45 and State Highway 34 (Ennis Avenue) in a Retail Trade Area | Traffic Counts on I-45 are Approximately 37,600 Vehicles per Day and 16,670 Vehicles per Day on Ennis Avenue
  • Multiple Ingress and Egress Points Allow Easy Access to the Property
  • Across the Highway from Walmart Supercenter
  • The City of Ennis is 30 Minutes South of Downtown Dallas
  • Serves a Retail Trade Area Population of 40,000
  • Ennis is Home to more than 40 Industrial or Industrial Service Companies, Including Distribution Centers for CVS Pharmacy, PetSmart, Lowe’s Home Improvement, Sterilite, JTEKT Automotive, and Sherwin-Williams Manufacturing Plan
  • The City Welcomes more than 700,000 Tourists Every Year to Such Attractions as Texas Motorplex (500,000 Annual Attendance), Lake Bardwell (150,200 Annual Attendance), and Festival Attendance (100,000+ Attendance)