1959 W Southlake Blvd | Southlake, TX 76092
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- LoopNet Team
1959 W Southlake Blvd
Southlake, TX 76092
Southlake Pavilion · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Below Market Rents With an Average of $19.48/Sf, Compared to $35.00/Sf in Similar Centers Nearby.
- Strong Tenant Retention, With 46% of Tenants Occupying for Over 12 Years and 56% Over 9 Years.
- Strong Demographics and High Spending Power in Southlake, TX, With Average Household Incomes Around $328,117 Per Year.
- Built-In Rental Increases With Annual Rent Bumps in Existing Leases.
- Majority of Rent Roll Consists of Small, Leasable Suites (69% Under 1,400 Sf), With Potential to Convert Remaining 31% for Higher Rents.
- High Visibility and Traffic Counts Off Southlake Blvd., With Approximately 56,319 Daily Traffic Count, Making It Ideal for Various Retail/Medical Uses
PROPERTY FACTS
Property Type
Retail
Building Size
10,022 SF
Building Class
B
Year Built
2006
Percent Leased
72%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.16 AC
Zoning
Commercial - Commercial
PROPERTY TAXES
| Parcel Number | 41152107 | Improvements Assessment | $1,703,652 |
| Land Assessment | $646,348 | Total Assessment | $2,350,000 |
PROPERTY TAXES
Parcel Number
41152107
Land Assessment
$646,348
Improvements Assessment
$1,703,652
Total Assessment
$2,350,000
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