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1008 E Broadway St
Sweetwater, TX 79556
Nolan County Plaza · Retail Property For Sale


Investment Highlights
- 77,925-Square-Foot, Multi-Tenant Retail Center | Value-Add Opportunity
- Significant Future Upside Potential in Leasing Vacancies and Converting All Leases to Triple-Net
- Leases with Publicly Traded Companies Include Dollar Tree (NASDAQ: DLTR); Dollar General (NYSE: DG); and H&R Block (NYSE: HRB)
- 94% Occupied | Mix of Triple-Net (50% of the GLA), Fixed, and Gross Leases
- Strong Tenant Lineup Featuring 84% National Retailers
- Dollar Tree Recently Exercised a Five-Year Renewal Option, Exhibiting Commitment to this Location
Executive Summary
Nolan County Plaza is a 77,925-square-foot, multi-tenant retail center located in Sweetwater, Texas. The center is currently 94 percent occupied with approximately 50 percent of the leases on triple-net terms, providing significant upside potential in leasing remaining vacancies and converting all leases to triple-net. Anchored by Dollar Tree, Bealls, and Dollar General, the tenant base is a complementary mix of national, regional and local businesses. Other tenants include Shoe Sensation, Anytime Fitness, H&R Block, Mustang Donuts, Howdy Vape & Smoke, Spinners, Factory Connection, Sudden Link, and a Kooler Ice Kiosk located in the parking lot. Constructed in 1975, the subject property is situated on approximately 6.71 acres with ample paved parking and a double-sided monument sign. Landlord reports a new roof will be installed by the end of 2024. Other recent property improvements include new exterior LED lights, sealed and striped parking lot, new electrical transformer, and complete renovations for Bealls and Shoe Sensation.
Nolan County Plaza is located at the signalized intersection of East Broadway Avenue and Hailey Street. Broadway Avenue is one of the main east/west thoroughfares in the city. Nearby national and regional retailers include Ace Hardware, Sonic Drive-In, Harbor Freight Tools, Brookshire's, Pizza Hut, O'Reilly Auto Parts, Subway, Family Dollar, and many others. Sweetwater high School, Sweetwater Intermediate School, and Sweetwater Middle School are all in close proximity to the subject property, providing additional traffic to the area. The 10-mile population is approximately 13,864 residents, having an average household income of $60,194.
Nolan County Plaza is located at the signalized intersection of East Broadway Avenue and Hailey Street. Broadway Avenue is one of the main east/west thoroughfares in the city. Nearby national and regional retailers include Ace Hardware, Sonic Drive-In, Harbor Freight Tools, Brookshire's, Pizza Hut, O'Reilly Auto Parts, Subway, Family Dollar, and many others. Sweetwater high School, Sweetwater Intermediate School, and Sweetwater Middle School are all in close proximity to the subject property, providing additional traffic to the area. The 10-mile population is approximately 13,864 residents, having an average household income of $60,194.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
77,925 SF
Building Class
C
Year Built
1975
Price
$4,882,500
Price Per SF
$62.66
Cap Rate
9%
NOI
$439,430
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
6.71 AC
Zoning
shopping center
Parking
433 Spaces (5.56 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signalized Intersection
- Tenant Controlled HVAC
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,199,680 | |
| Land Assessment | $289,530 | Total Assessment | $2,489,210 |
Property Taxes
Parcel Numbers
Land Assessment
$289,530
Improvements Assessment
$2,199,680
Total Assessment
$2,489,210
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