Hebron Heights Shopping Center

Price: $8,899,000
Sq. Ft.: 36,092
Cap Rate: 6.01%
Built: 2000
  • 36,092-Square-Foot, Multi-Tenant Neighborhood Retail Center
  • 94% Occupied | 83% of the Gross Leasable Area has Triple-Net Leases | Upside Potential in Filling Vacancies and Converting all Leases to Triple-Net | Pro Forma Cap Rate is 7.43%
  • Complementary Mix of National and Local Retailers | Many Leases have Scheduled Rent Escalations During the Remaining Primary Terms
  • Current Average Rents are Below Market Consists of Two Buildings Situated on a Large 8.13-Acre Lot with Ample Paved Parking | Large Pylon Signage at the Entrance Enhances Visibility
  • Signalized, Hard Corner Location at the Intersection of West Hebron Parkway and Old Denton Road Just East of Sam Rayburn Tollway | Easily Accessible from Multiple Ingress and Egress Points from Both Roads | Cumulative Traffic Counts are Approximately 46,700 Vehicles per Day
  • Directly Across from Kohl’s, Walmart Neighborhood Market and other Neighboring National Retailers | Close Proximity to Several School Campuses Drives Additional Traffic to the Area
  • Highly Desirable Demographics | Five-Mile Population Exceeds 308,050 | Affluent Population with an Average Household Income of $125,753 within a One-Mile Radius; $116,427 within a Three-Mile Radius; and $105,052 within a Five-Mile Radius