Corral Plaza

Price: $2,157,000
Sq. Ft.: 12,169
Cap Rate: 7.00%
Built: 2015

Corral Plaza is a 12,169-square foot, multi-tenant retail center in Madisonville, Texas. The center is 100 percent occupied, and all leases are triple-net. Tenants consist of Subway, Dickie’s Barbecue Pit, Shipley Donuts, United Country – David Coleman, Electric Vape, and Donnie Lee Martial Arts. Subway is a freestanding building that includes a drive-thru, and Dickie’s Barbecue Pit also has a drive-thru window.  The buildings are new 2015 construction and sit on 2.66 acres with ample paved parking.

The subject property is located off of Interstate 45 on East Main Street (Highway 21). Buc-ee’s super-service station is directly across from the property and has tremendous sales of $60 million at this location. Other retailers in the surrounding area include Best Western Executive Inn & Suites, Pizza Hut, Jack in the Box, Taco Bell, Sonic Drive-In, McDonald’s, and Days Inn & Suites.

Madisonville is a community of 4,160 residents and is the county seat of Madison County. The city is often called the “Gateway to Bryan/College Station”, which is only 35 minutes away and the home of Texas A&M University. Centrally located between Houston and Dallas, by car, Madisonville is within three hours of over 16 million people, including the cities of Houston, Dallas/Ft. Worth, Austin, San Antonio.