Heritage Square and Legacy Park

Price: $7,594,000
Sq. Ft.: 62,591
Cap Rate: 7.5%
Built: 1977/2001

Heritage Square and Legacy Park consists of four multi-tenant retail buildings totaling 62,591 square feet of leasable area located in Athens, Texas. The center is 94 percent occupied and has a complementary mix of national, regional, and local tenants that are largely internet-resistant. Tenants include Little Caesars, Factory Connection, Enterprise, Western Finance, World Finance, Cricket, Merle Norman, Workforce Solutions East Texas, Customer’s Choice, Asian Gardens, Athens Pawn Shop, Athens Cafe, Tito’s Cuisine & Bakery, Purity Salon and Spa, Daniels Partners, Security Finance, Loan Express, Casey’s Vapor, Chandler’s Cleaners, Mix It Up Nutrition, Fast Action Bonds, and Bruce Davis Bonds.  The buildings are situated on two parcels totaling approximately nine acres with ample paved parking.

Heritage Square is located on East Tyler Street, and Legacy Park faces Murchison Street. The centers are both near the signalized intersection of East Tyler Street and Murchison Street. Cumulative traffic counts in front of the properties exceeds 13,800 vehicles per day. The centers are situated near many national retailers including Hibbett Sports, Sherwin Williams, CVS Pharmacy, Brookshire Brothers, Walgreens, Dollar General, Rent-A-Center, Dollar Tree, Walmart, Kentucky Fried Chicken, Burger King, and more. The property is in close proximity to Athens Senior High School and Central Athens Elementary, providing additional traffic to the area. Athens is home to Trinity Valley Community College, located approximately one mile from the property. Trinity Valley Community College has an estimated enrollment of more than 7,700 students.

  • Shopping Center is Comprised of Four Multi-Tenant Buildings Situated on Two Parcels Totaling 62,591 Square Feet of Gross Leasable Area
  • Combined Occupancy is 97% | 87% of the Gross Leasable Area has Gross Leases
  • Significant Upside Potential in Leasing the Vacant Suite and Converting Gross Leases to Triple-Net | Pro Forma Cap Rate is 9.51%
  • Tenants are a Complementary Mix of National, Regional, and Local Tenants that are Largely Internet Resistant
  • All Buildings have Metal Roofing
  • Cumulative Traffic Counts in Front of the Property are 13,600 Vehicles per Day
  • Situated on Approximately Nine Acres with Ample Paved Parking | Legacy Park Features a Concrete Lot | Heritage Square was Recently Seal Coated and Re-Striped
  • Athens is Home to Trinity Valley Community College | Estimated Enrollment of More than 7,700 Students
  • Athens is the County Seat for Henderson County | Located Approximately 72 Miles Southeast of Dallas and 36 Miles Southwest of Tyler