
Investment SalesUnder Contract
Plaza Point Shopping Center
1200 S FM 51, Decatur, TX, 76234
Asking Price
$6,826,029
NOI
$477,822
Property Type
Shopping Center
Tenancy
Multi-Tenant
Lease Type
—
Lease Term
—
Square Footage
62,463 SF
Year Built
—
Offering Overview
The Plaza Point Shopping Center in Decatur, TX is exclusively listed with Venture Commercial.
- Anchored by a high traffic Tractor Supply Company (Nasdaq: TSCO), which ranks 41st out of 208 stores in the state of Texas in terms of customer traffic according to Placer.ai. Tractor Supply recently received building permits for a full-store remodel and has started renovations while still operating.
- Shadow-anchored by an 183,000sf Walmart Supercenter which ranks 38 out of 391 Supercenters in the state of Texas doing over $92M in sales per year according to Claritas (formerly A.C. Nielsen).
- The Center benefits from the trade area’s strong incomes. The average HH income exceeds $127,000 in a 3-mile radius and $135,000 in a 5-mile radius.
- Tractor Supply, O’Reilly Auto Parts, and Dollar Tree are all publicly traded companies with Investment Grade Credit (S&P: BBB or better) and make up 75.98% of the center’s GLA.
- Landlord is installing a new roof on the property, which will have a 20-year warranty upon completion
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