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Rufe Snow Plaza 242 Rufe Snow Dr 12,094 SF 100% Leased Retail Building Keller, TX 76248 $5,644,000 ($466.68/SF) 6.20% Cap Rate
Investment Highlights
- At & Below Market Rents with Comparable Retail Space Leasing in the $35 - $45 PSF NNN Range
- Strong Fundamentals with 1.70-Acre Parcel, Shallow Bay Depth, Average Suite Size of 1,728 SF, Three (3) Patios
- Excess Parking with 80+ Spaces in Addition to Reciprocal Parking Agreement with Moviehouse & Eatery by Cinépolis (300+ Parking Spaces)
- Average Rent of $28.94 PSF NNN
- Parallel Positioning to Rufe Snow Drive (24,600+ Vehicles Per Day), & Multiple Ingress/Egress Points
- Adjacent to Major Grocers Kroger & Tom Thumb, in a Primary Retail Corridor with 2.4MM+ SF of Retail GLA in a 2-Mile Radius
Executive Summary
12,094 SF Neighborhood Retail Center | 2018 Construction | Average Lease Term Expiration June 2031.
Located within the Affluent DFW Submarket of Keller, TX | Average Household Income Exceeds $198,100 & $177,400 in a 3- & 5-Mile Radii; 142% Population Growth Since 2000 in a 3-Mile Radius
Located within the Affluent DFW Submarket of Keller, TX | Average Household Income Exceeds $198,100 & $177,400 in a 3- & 5-Mile Radii; 142% Population Growth Since 2000 in a 3-Mile Radius
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,094 SF
Building Class
B
Year Built
2018
Price
$5,644,000
Price Per SF
$466.68
Cap Rate
6.20%
NOI
$349,966
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.71 AC
Zoning
TC - Retail, Restaurant and Office
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Cold Ways
- Retailer
- -
- -
-
Jan 0000
- Sugar Llama
- -
- -
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Cold Ways | Retailer | - | - | Jan 0000 | ||
| Sugar Llama | - | - | - | Jan 0000 |
Walk Score®
Very Walkable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | 41681703 | Improvements Assessment | $3,483,041 |
| Land Assessment | $816,959 | Total Assessment | $4,300,000 |
Property Taxes
Parcel Number
41681703
Land Assessment
$816,959
Improvements Assessment
$3,483,041
Total Assessment
$4,300,000
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Rufe Snow Plaza | 242 Rufe Snow Dr
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