Marcus & Millichap is pleased to offer the opportunity to acquire a value-add neighborhood shopping center in the Dallas-Fort Worth suburb of Euless, Texas. Post Oak Shopping Center is a 20,620-square foot, multi-tenant building that is currently 75 percent occupied, providing upside potential in leasing the vacant space and converting the gross lease to triple-net. Tenants consist of a complementary mix of internet-resistant retailers including Valero, Po Boys Pizza, Rob’s Sports Bar, Donuts Shop, and Pipe Xtreme. Valero has been in the center more than 30 years. Constructed in 1986, the building is situated on 2.3-acres with ample paved parking.
- 20,620-Square Foot, Multi-Tenant Neighborhood Retail Center
- Anchored by Valero, the World’s Largest Independent Petroleum Refiner | a Fortune 50 Company that is Publicly Traded on the NYSE (VLO)
- Valero is a Long-Term Tenant that has Been in the Center more than 30 Years | Lease is Guaranteed by Skipper Beverage Company LLC, a Wholly-Owned Subsidiary of Valero
- 75% Occupied | Upside Potential in Leasing Vacant Space and Converting Gross Leases | Pro Forma Cap Rate is 9.95%
- Tenant Base is a Complementary Mix of Internet-Resistant Businesses
- Situated on a 2.33-Acre Lot with Ample Paved Parking
- Signalized, Hard Corner Location at Trinity Boulevard and Post Oak Boulevard Near Highway 360
- Traffic Counts are Approximately 24,400 Vehicles per Day
- Directly South of the New American Airlines Corporate Headquarters | Opened in May 2019 | Servicing 7,000 Employees Daily
- Less than Five Miles from Dallas-Fort Worth International Airport
- Extremely Dense Population in the Surrounding Area | Approximately 234,650 Residents within Five Miles of the Property
- The Average Household Income within Five Miles is $73,500
- Located in the Mid-Cities of Hurst-Euless-Bedford (HEB) | 18 Minutes from the Central Business District in Forth Worth and 23 Minutes from the Dallas Central Business District
