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Next to Walmart | Below Replacement Cost $169 104 N Peachtree Rd 16,400 SF 100% Leased Retail Building Mesquite, TX 75149 $2,775,873 ($169.26/SF) 7% Cap Rate
Investment Highlights
- Next to Walmart
- NNN Leases with PG
- Well below replacement cost ($169/sf)
- Parking lot (2025), Roof (2025), LED Lights, Signage (2025), Fence, Paint (2025), etc.)
- 100% Leased
Executive Summary
At $169/SF well below replacement cost, this recently renovated shopping center offers a refreshed and inviting retail environment in the heart of Mesquite, TX. Significant capital improvements have been completed, including upgraded parking areas, new paint, enhanced lighting, and updated signage. A roof replacement with transferable warranty, ensuring long-term stability and reduced near-term maintenance for ownership.
In addition to its strong visibility and improved curb appeal, the property presents a clear value-add opportunity through aligning rents with current market levels. With these renovations in place, the center is well-positioned to serve the surrounding community, attract quality tenants, and capture future growth in this thriving Dallas–Fort Worth suburb.
• Current Rent Roll:
49% Of SF Is At ~50% Below Market
25% Of SF Is At ~25% Below Market
26% Of SF Is At Market Rents
All NNN Leases With PG.
In addition to its strong visibility and improved curb appeal, the property presents a clear value-add opportunity through aligning rents with current market levels. With these renovations in place, the center is well-positioned to serve the surrounding community, attract quality tenants, and capture future growth in this thriving Dallas–Fort Worth suburb.
• Current Rent Roll:
49% Of SF Is At ~50% Below Market
25% Of SF Is At ~25% Below Market
26% Of SF Is At Market Rents
All NNN Leases With PG.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
16,400 SF
Building Class
B
Year Built/Renovated
1986/2025
Price
$2,775,873
Price Per SF
$169.26
Cap Rate
7%
NOI
$194,311
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.97 AC
Zoning
LC, Mesquite - Commercial
Parking
85 Spaces (5.18 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $446,220 | |
| Land Assessment | $547,370 | Total Assessment | $993,590 |
Property Taxes
Parcel Numbers
Land Assessment
$547,370
Improvements Assessment
$446,220
Total Assessment
$993,590
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Next to Walmart | Below Replacement Cost $169 | 104 N Peachtree Rd
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