Marcus & Millichap is pleased to offer the opportunity to acquire an 13,290-square foot, multi-tenant retail center located a densely populated area of Mesquite, Texas. Belt Line Crossing is currently 84 percent occupied, providing upside potential to a future investor by leasing the vacant space. All current leases are triple-net leases. The center has a complementary mix of internet resistant tenants including Subway, Metro PCS, United Mattress, Layla’s Day Spa, 24 Hour Dental, and George’s Bakery. Constructed in 2008, the building is situated on a 1.56-acre lot.
Belt Line Crossing is located at the signalized hard corner of Belt Line Road and U.S. Highway 80. The center benefits from multiple ingress and egress points as well as highway visibility. Cumulative traffic counts exceed 114,400 vehicles per day in front of the property. Belt Line Crossing is catty corner to Walmart Supercenter and located in an extremely dense retail trade area. Other national retailers area include Tractor Supply Co., La Quinta Inn & Suites, Hobby Lobby, DD’s Discounts, Dollar General, YouFit Health Clubs, O’Reilly Auto Parts, Old Navy, Kohl’s, PetSmart, Ross Dress for Less, Five Below, The Home Depot, and more. The center is less than three miles from Town East Mall. The mall is anchored by Dillard’s, JCPenney, Macy’s, Sears, At Home, H&M, in addition to 160 other tenants. Belt Line Crossing is located in a densely populated area with more than 8,915 residents within one mile, 78,992 residents within three miles, and 241,506 residents within five miles.
- 13,290-Square Foot, Multi-Tenant Retail Center
- 84% Occupied | All Current Leases are Triple-Net
- Significant Upside Potential | Pro Forma Cap Rate is 8.82%
- Complementary Mix of Credit and Local Tenants that are Internet Resistant
- Signalized, Hard Corner Highway Location | Multiple Ingress and Egress Points
- Cumulative Traffic Counts Exceed 114,400 Vehicles per Day in Front of the Property
- Building is 2005 Construction with an Attractive Facade and Situated on a 1.56-Acre Lot
- Catty Corner from Walmart Supercenter
- Dense Retail Trade Area | National Retailers in the Area Include Tractor Supply Co., La Quinta Inn & Suites, Hobby Lobby, DD’s Discounts, Dollar General, YouFit Health Clubs, O’Reilly Auto Parts, Old Navy, Kohl’s, PetSmart, Ross Dress for Less, Five Below, The Home Depot, and More
- Less than Three Miles from Town East Mall | Anchored by Dillard’s, JCPenney, Macy’s, Sears, At Home, H&M | 160+ Tenants
- Located Approximately 13 Miles East of Downtown Dallas
