Roanoke Shopping Center is an 11,320-square-foot, multi-tenant retail center comprised of three unique restaurant concepts located in the Historic Downtown Roanoke, Texas. The center is 100 percent leased, and all leases are triple-net. Tenants consist of Oak and Main Craft Food + Spirits, Inzo Italian Kitchen, and Baja Cantina. All three suites feature outdoor patio dining in the heart of a vibrant, pedestrian-friendly shopping and dining district.
The subject property is located on South Oak Street, at the hard corner intersection with Main Street. Historic Downtown Roanoke is a popular destination for dining, boutique shopping, and entertainment situated over nine blocks on Oak Street. The Texas House of Representatives have officially appointed the area as “The Unique Dining Capital of Texas”. The area is pedestrian friendly and hosts a variety of concerts, special events, and festivals throughout the year. Roanoke City Hall, community center, recreation center, public library, and visitor center and museum are all located in the downtown area.
- Fully Stabilized, Three-Tenant Asset
- The Roanoke Shopping Center is a fully stabilized, 100% occupied property featuring three restaurant tenants on triple-net leases. All three suites have patio areas for outdoor dining.
- Prime Location in Historic Downtown Roanoke
- Situated in the heart of Historic Downtown Roanoke, the property benefits from being part of a popular destination that includes unique dining experiences, boutique shops, and vibrant entertainment venues.
- Three Blocks from Planned Development of New Hotel and Conference Center
- The city council has approved funding for a $62 million convention center bond, along with plans for a boutique hotel that will be built on a site next to Roanoke City Hall, provide a further built-in stream of visitors, business travels, and event traffic.
- Affluent Demographics and Strong Buying Power
- Located in an extremely affluent area, the center is surrounded by a population with high household incomes. This affluence, combined with the growth in nearby neighborhoods, ensures strong consumer spending.
- Large Daily Workforce Population
- Neighboring distribution centers, including Walmart Distribution, Amazon, FedEx, UPS, TOYO Tires, 3M Dallas, Bridgestone Firestone Distribution Center, General Motors, and General Mills, drive additional traffic to the area.
