Creek Crossing

Price: $7,000,000
Sq. Ft.: 70,079
Cap Rate: 6.03%
Built: 2000

Creek Crossing Shopping Center is a 70,079-square foot multi-tenant retail center located in Mesquite, Texas. The center consists of three buildings situated on 8.15 acres of land and is anchored by Kroger grocery store. The center is currently 80 percent occupied, providing upside potential. Along with Kroger, tenants consist of Creek Crossing Animal Clinic, Hoa Thi Tran, Donut Palace, Ivy Cleaners, and Dental One. All current leases are triple-net (NNN). Kroger reports strong store sales of over $400 per square foot at this location. The offering is priced below replacement cost at $99 per square foot.