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Value Add | Next to Walmart | 10.3% Proforma 104 N Peachtree Rd 16,400 SF 100% Leased Retail Building Mesquite, TX 75149 $2,795,000 ($170.43/SF) 6.92% Cap Rate
INVESTMENT HIGHLIGHTS
- Next to Walmart
- NNN Leases with 10.37% Cap Rate Proforma
- Well below replacement cost ($171/sf)
- Renovated (Parking, Roof, Light, Signage, Fence, Paint, etc.)
- 100% Leased
EXECUTIVE SUMMARY
At $171/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 is also underway, 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
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
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
1986
Price
$2,795,000
Price Per SF
$170.43
Cap Rate
6.92%
NOI
$193,447
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.97 AC
Zoning
LC, Mesquite - Commercial
Parking
30 Spaces (1.83 Spaces per 1,000 SF Leased)
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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Value Add | Next to Walmart | 10.3% Proforma | 104 N Peachtree Rd
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