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Keller Commons 2122 Rufe Snow Dr 29,792 SF 91% Leased Retail Building Keller, TX 76248 $9,299,000 ($312.13/SF) 6.79% Cap Rate
INVESTMENT HIGHLIGHTS
- • 29,792 SF Retail Center Shadow Anchored by Walmart Neighborhood Market in dynamic DFW Suburb
- • Average Rental Rate is Below Market at $20.00 PSF
- • The adjacent Walmart Neighborhood Market is a Top 5 Store in DFW, has owned its site since 2000, and recently completed a multi-million-dollar renov
- • All NNN Leases – Allowing for Ease of Management
- • All Tenants are Internet-Resistant and Service-Oriented
- • Excellent Demographics with Average Household Income over $179,009 in a 1-mile radius, Almost 2X the National Average, and over $163,680 in a 3-mile
EXECUTIVE SUMMARY
Keller Commons has 91.4% occupancy leased to 9 tenants and represents a tremendous opportunity to acquire a prominent retail center in Keller. Keller boasts a strong job market, coupled with affordable housing, and potential for property appreciation.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
29,792 SF
Building Class
B
Year Built
2005
Price
$9,299,000
Price Per SF
$312.13
Cap Rate
6.79%
NOI
$631,731
Percent Leased
91%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
4.48 AC
Zoning
GR - Retail
Parking
220 Spaces (7.38 Spaces per 1,000 SF Leased)
Frontage
130’ on Rufe Snow Dr
AMENITIES
- Dedicated Turn Lane
- Signage
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 124
- 2,303 SF
- Retail
- -
- Now
- 125
- 250 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 124 | 2,303 SF | Retail | - | Now |
| 125 | 250 SF | Retail | - | Now |
124
| Size |
| 2,303 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
125
| Size |
| 250 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 40989402 | Improvements Assessment | $6,055,808 |
| Land Assessment | $1,561,192 | Total Assessment | $7,617,000 |
PROPERTY TAXES
Parcel Number
40989402
Land Assessment
$1,561,192
Improvements Assessment
$6,055,808
Total Assessment
$7,617,000
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Keller Commons | 2122 Rufe Snow Dr
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