Tate Plaza

Price: $3,365,000
Sq. Ft.: 8,675
Cap Rate: 6.75%
Built: 2006

Marcus & Millichap is pleased to offer the opportunity to acquire an 8,675-square foot, multi-tenant retail center located a densely populated area of Grapevine, Texas. Tate Plaza is currently 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. Additional income is derived from a cell tower lease with T-Mobile. Recent property improvements include the installation of a new roof in 2019. Constructed in 2006, the center is situated on a 1.1-acre parcel.

  • 8,675-Square Foot Multi-Tenant Shopping Center in a Dense Retail Trade Area
  • 100% Occupied with Internet Resistant Tenants | All Current Leases are Triple-Net
  • Property Improvements Include a New Roof Installed in Late 2019
  • Chick-fil-A is Building a New Store Adjacent to the Property, Providing Additional Traffic
  • Near Many National Retailers Including JOANN Fabrics & Crafts, EatZi’s Market &
  • Bakery, Target, BigLots!, Ross Dress for Less, Bealls, Petco, Academy Sports & Outdoors,
  • Best Buy, Chick-fil-A, Chili’s, Starbucks Coffee, 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
  • Property is in Close Proximity to Dallas-Fort Worth International Airport | Serves More
  • than 75 Million Passengers per Year
  • Property is 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 122,673 Residents with an
  • Average Household Income Exceeding $139,767
  • The City of Grapevine is a Popular Tourist Destination and Attracts Approximately 15
  • Million Visitors Annually