Plaza De Oro is a 93,941-square foot grocery-anchored neighborhood shopping center located in the southwest portion of Dallas, Texas. The center is 92 percent occupied, providing upside potential in leasing the vacant space. All current leases are triple net. Anchored by El Rancho Supermercado, the multi-tenant retail center has a mix of national and local tenants including Dollar Tree, Rent-A-Center, Metro PCS, Plaza De Oro Dental, Titlemax, Familia Care, Dora Washateria, Pizza Patron, PDQ Temporaries, and others. El Rancho Supermercado has strong store sales and benefits from the area’s dense Hispanic population. The buildings were constructed in 2010 and sit on 5.57 acres with ample paved parking.
- Grocery-Anchored Shopping Center in Dallas, TX
- Grocery Store (El Rancho Supermercado) has Strong Sales Supported by a Dense Surrounding Hispanic Population | #2 Store in 19 Unit Chain | Last reported sales were $740 PSF
- 92 Percent Occupied | Upside Potential in Leasing Vacant Space
- Recently Invested in by Albertsons
- Mix of National and Local Tenants Including Dollar Tree and Rent-A-Center
- All Leases are Triple-Net with staggered Lease Expirations
- Newer 2010 Construction
- Signalized, Hard Corner Location with Ingress/Egress Points from W Jefferson Blvd and S Cockrell Hill Road
- Surrounding Area is Densely Populated with Over 247,000 Residents Within Five Miles
- Assumable Non-Recourse CMBS Loan with Interest-Only Payments Until February 2019
- Cash on Cash is over 10%
