Deer Creek Plaza

Price: $2,750,000
Sq. Ft.: 26,500
Cap Rate: 8.80%
Built: 2007

Deer Creek Plaza is a 26,500-square foot multi-tenant retail center in Crowley, Texas. The center is 100 percent occupied, and all leases are gross. Anchored by i-Fit Elite fitness center, other tenants consist of Nails Plus, Diet Solutions, Bethel Management, iFit Elite Tanning, eRepair, and Inspire Salon. The building was constructed in 2007 and sits on 2.477 acres. Seller will entertain a possible sale of an additional 1.83 acres of future developed commercial land adjacent to the property.
The subject property is located on South Crowley Road near the intersection with FM 1187 (Crowley Plover Road). Traffic counts are approximately 14,000-vehicles per day. Other retailers in the area include CVS, Jack in the Box, O’Reilly Auto Parts, Golden Chick, Pizza Hut, H&R Block, Edward Jones, Advance America Cash Advance, Starbucks, Walgreens, BBVA, Wells Fargo, Chase Bank, Bank of America, Cousin’s Bar B Q, GameStop, Subway, Kroger, Taco Bell, and more. The area is densely populated with over 124,300 residents within five miles and a one mile average household income of $79,176.

  • 26,500-Square Foot Multi-Tenant Retail Center
  • 100 Percent Occupied with Gross Leases
  • 66 Percent of the GLA is leased to iFit Elite Fitness Center | iFit Elite Recently Executed a Five-Year Lease Extension
  • New Roof installed 2017
  • Located on South Crowley Road Near the Intersection with FM 1187  ~  Traffic Counts are Approximately 14,000-VPD
  • Densely Populated Area with Over 124,300 Residents Within Five Miles
  • Crowley is 15 Miles South of Downtown Fort Worth
  • Possible Sale Opportunity of Adjacent 1.83 Acres of Future Developed Commercial Land