Marcus & Millichap is pleased to offer the opportunity to acquire a 20,561-square-foot, multi-tenant retail center located in Gatesville, Texas. Gatesville Shopping Center is currently 100 percent occupied, and all leases are triple-net. Anchored by Dollar Tree, the tenant base features predominantly national tenants, comprised of Baylor Scott & White Clinic, Verizon, Little Caesar’s, Axis Dental, and New Rodeo Mexican Grill. Constructed in 2007, the property consists of one multi-tenant building and one single-tenant building sitting on a five-acre parcel. The offering incudes an additional 0.92-acre parcel for future development and upside potential. The single-tenant building is leased to New Rodeo Mexican Grill, which has highway frontage and includes a drive-through window.
Gatesville Shopping center is located on Highway 36 near the signalized intersection of Highway 36 and Main Street. Traffic counts in front of the property exceed 9,000 vehicles per day. Shadow-anchored by Walmart Supercenter, the property is near many other national retailers including Aaron’s, Shoe Dept., Walgreens, Pizza Hut, Subway, Napa Auto Parts, Bealls Outlet, Tractor Supply, 7-Eleven, McDonald’s, AutoZone Auto Parts, and many others. The average household income is $70,803 within one mile; $67,607 within three miles; and $68,097 within five miles. Gatesville Shopping Center is also in close proximity to multiple school campuses, providing additional traffic to the area.
- 20,561-Square-Foot, Multi-Tenant Retail Center | Shadow-Anchored by Walmart Supercenter
- Fully Stabilized Asset | 100% Occupied | All Leases are Triple-Net
- Anchored by Dollar Tree | Publicly Traded Company (NASDAQ: DLTR)
- 24% of the Gross Leasable Area is Leased to a Medical Tenant | Baylor Scott & White is the Largest Not-For-Profit Healthcare System in Texas and One of the Largest in the Nation
- Strong Tenant Base | 79% of the Gross Leasable Area is Leased to Investment Grade or National Tenants
- Comprised of One Multi-Tenant Building and One Single-Tenant Building
- Single-Tenant Pad Site has Highway Frontage | Currently Leased to a Local Restaurant at Below Market Rent with a Drive-Through Window | Upside Potential in Securing a New Lease at Higher Rents
- Includes a 0.92-Acre Pad Site for Future Development, Valued at $10-15 Per Square Foot
- Located on U.S. Highway 36 South, the City’s Primary North-South Thoroughfare | Easily Accessible from Multiple Ingress and Egress Points
- Close Proximity to Many National and Regional Retailers such as Shoe Dept., Aaron’s, Burger King, Walgreens, Tractor Supply Co., Dollar General, Ace Hardware, and Others
- One-Mile Average Household Income is $70,803 | Three-Mile Average Household Income $67,607 | Five-Mile Average Household Income $68,097
- Gatesville is Part of the Killeen-Temple-Fort Hood MSA and Approximately 45 Minutes from Waco
- The City is on the Northern Edge of Fort Cavazos Military Base (Formerly Known as Fort Hood), the Army’s Premier Installation to Train and Deploy Heavy Forces | Home to 53,000+ Military and Family Members
