Marcus & Millichap is pleased to present the opportunity to acquire Grand Avenue Shops, a 8,700-square foot center that sits on approximately 0.63 acres of land in Gainesville, Texas. The center is 100 percent occupied with a complimentary mix of national and local tenants, all on triple-net leases. The center is priced below replacement cost at $130.80 per square foot. The subject property is located in one of Gainesville’s main retail corridors, which is concentrated around the intersection of U.S. Route 82 and Grand Avenue. WinStar World Casino and Resort, the world’s biggest casino, is approximately 10 miles from Grand Avenue Shops. Surrounding retailers in the immediate area include The Home Depot, Walmart, Atwoods, Dollar Tree, Murphy USA, O’Reilly Auto Parts, Big Lots, Sherwin-Williams, Cicis Pizza and many more.
- Priced Below Replacement Cost at $130.80 PSF
- Complementary Mix of National and Local Tenants
- 10 Miles from WinStar World Casino and Resort
- 75% of the Tenants have been Operating in the Center for More Than 10 Years
- Surrounding Retailers in the Immediate Area Include The Home Depot, Walmart, Atwoods, Dollar Tree,Murphy USA, O’Reilly Auto Parts, Big Lots, Sherwin-Williams, Cicis Pizza and Many More
