Victory Shops Tate Plaza

Price: $3,964,500
Sq. Ft.: 8,675
Cap Rate: 6.0%
Built: 2006

Marcus & Millichap is pleased to offer the opportunity to acquire an 8,675-square-foot, multi-tenant retail center located in Grapevine, Texas. Victory Shops Tate Plaza is 100 percent occupied, and all leases are triple-net leases. The center has a complementary mix of internet-resistant tenants, including Smoothie King, Tint World, Lenny’s Subs, and True Dental.  True Dental recently executed a five-year lease renewal. Additional income is derived from a cell tower lease with T-Mobile. Recent property improvements include the installation of a new roof in 2019. The building was originally constructed in 2006 and is situated on a 1.56-acre parcel. A double-sided monument sign faces William D. Tate Avenue, providing additional exposure to the center.

  • 8,675-Square-Foot, Multi-Tenant Shopping Center Located in a Dense Retail Trade Area
  • 100% Occupied with Internet-Resistant Tenants | All Current Leases are Triple-Net
  • True Dental Recently Executed a Five-Year Lease Renewal
  • Constructed in 2006 | Attractive Architectural Design | Property Improvements Include a New Roof Installed in Late 2019 | Double-Sided Pylon Sign Provides Additional Exposure to the Center
  • In Line with Firestone Auto Care and Adjacent to a Newly Constructed Chick-fil-A Store
  • Near Many National Retailers Including JOANN Fabrics & Crafts, EatZi’s Market & Bakery, Target, BigLots!, Ross Dress for Less, Petco, Academy Sports & Outdoors, Best Buy, P.F. Changs, Walmart, Sam’s Club and Many More
  • Located on Willam D. Tate Avenue Just North of State Highway 114 | Traffic Counts in Front of the Property Exceed 17,500 Vehicles per Day
  • Less than One Mile from Baylor Scott & White Medical Center – Grapevine | 302-Bed Hospital Offering Advanced Healthcare Services in Northeast Tarrant County
  • Close Proximity to Dallas-Fort Worth International Airport | Serves More than 75 Million Passengers per Year
  • Property is Approximately Three Miles from Southlake Town Square | A Unique, Open-Air Lifestyle Shopping District with More than 120 Shops and Fine Restaurants
  • Excellent Demographics | Population within Five Miles is 125,423 Residents with an Average Household Income Exceeding $145,841
  • The City of Grapevine is a Popular Tourist Destination and Attracts Approximately 15 Million Visitors Annually | Traffic Drivers Include Historic Downtown Grapevine, Gaylord Texas Resort & Convention Center, Great Wolf Lodge, Grapevine Mills Mall, Grapevine Lake, and Bass Pro Shop