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
