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1011 Us Highway 271 N
Gilmer, TX 75644
Retail Property For Sale
PROPERTY FACTS
ABOUT 1011 US HIGHWAY 271 N , GILMER, TX 75644
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a 3-Tenant Shopping Center in Gilmer, Texas with excellent upside potential. The tenants include; Family Dollar, Stage, and Blake' s Furniture. The tenants have various lease structures with 2-5 years remaining. Tenants who are reporting sales at location are all below 4% rent to sales ratio. The shopping center provides a stable income stream with great upside potential by increasing rents closer to market average upon lease expirations. Blake Furniture recently agreed to extend their lease 5-years and pay a 5% increase in rent, which kicks in November 2017. The 52K sf shopping center is located along HWY 271 (17,000+ VPD) which is the main retail corridor in Gilmer. Area tenants include a Walmart Supercenter, AutoZone, McDonalds, Whataburger, Brookshire' s, and more. The Subject Property is part of a larger shopping center that also includes Brookshire' s and Hibbett Sports. Gilmer is located in East Texas between I-30 and I-20 at the intersection of 5 highways. It is the county seat of Upshur county which has a population near 40,000.
PROPERTY TAXES
| Parcel Number | 1937 | Improvements Assessment | $1,032,553 |
| Land Assessment | $297,060 | Total Assessment | $1,329,613 |
PROPERTY TAXES
