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7.25 Cap Value Add Shopping Center - Texas 1233 Tenaha St 60,965 SF 75% Leased Retail Building Center, TX 75935 $3,785,310 ($62.09/SF) 7.25% Cap Rate



INVESTMENT HIGHLIGHTS
- 7.25 Cap Value add retail center with growth and leasing upside
- Tractor Supply and Goodwill recently extended their leases, confirming long term commitment
- In-place rents are below market and replacement cost, providing long-term upside
- Located in the tax free state of Texas, enhancing after tax cash flow
- New roof completed in 2024, limiting near term capital expenditure risk
- Necessity based tenants generating stable daily traffic and durable cash flow
EXECUTIVE SUMMARY
This is an exceptional opportunity to acquire a dominant, necessity based retail center anchored by Tractor Supply Company and Goodwill at a signalized intersection in the heart of Center Texas. The property serves as a primary retail destination for the surrounding trade area with strong visibility, steady traffic, and limited competitive supply. Both Tractor Supply and Goodwill have recently extended their leases, clearly demonstrating long term commitment to the location. In place rents are well below market and below replacement cost, creating meaningful embedded upside over time. The property is located in the tax free state of Texas, enhancing after tax returns. A new roof was completed in 2024, materially reducing near term capital exposure and strengthening the overall investment profile.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$280,960
|
$4.61
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $280,960 |
| Annual Per SF | $4.61 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
60,965 SF
Building Class
C
Year Built/Renovated
1978/2024
Price
$3,785,310
Price Per SF
$62.09
Cap Rate
7.25%
NOI
$274,435
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
5.92 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
485 Spaces (7.96 Spaces per 1,000 SF Leased)
Frontage
665’ on Tenaha Street
AMENITIES
- 24 Hour Access
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R23240 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,368,732 |
PROPERTY TAXES
Parcel Number
R23240
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,368,732
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7.25 Cap Value Add Shopping Center - Texas | 1233 Tenaha St
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