Magnolia Village

Price: $
Sq. Ft.: 9,738
Cap Rate: 7.00%
Built: 2010
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Marcus & Millichap is pleased to offer the opportunity to acquire Magnolia Village, a 9,738-square foot, multi-tenant retail center located in Sulphur Springs, Texas. Lakes Regional Community Center occupies 47 percent of the leasable area on a gross lease. All other tenants have triple-net leases, consisting of Subway, Sprint and Tru Tan salon. The complementary mix of tenants is largely internet-resistant, service-oriented businesses. The building is newer 2010 construction with an attractive facade and landscaping. The Subway suite located on the west end of the building has a drive-through window.

  • 9,738-Square Foot, Multi-Tenant Shopping Center
  • 100% Occupied | 53% of the Gross Leasable Area has Triple-Net Leases
  • Complementary Mix of Internet-Resistant Businesses
  • 2010 Construction with an Attractive Facade and Landscaping
  • Subway has a Drive-Through Window
  • Concrete Parking Lot with Ample Parking
  • Located on the Interstate 30 Feeder Road | Ingress and Egress Points from both Industrial Drive and Mockingbird Lane
  • Interstate 30 is a Major East-West Thoroughfare | Traffic Counts are Approximately 34,000 Vehicles per Day
  • Numerous National and Regional Retailers are in the Neighboring Area
  • Population Exceeds 19,150 Residents within Five Miles of the Property | Average Household Income is $60,543
  • Sulphur Springs is Located Halfway Between Dallas and Texarkana
  • Market Includes More Than 100,000 Static Regional Citizens and Numerous Transit Visitors