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Shoppes of Paris 3842-3850 Lamar Ave 16,287 SF 100% Leased Retail Building Paris, TX 75462 $3,323,279 ($204.04/SF) 7% Cap Rate
Executive Summary
STRONG BRANDS: 2 out of the 4 tenants are national brands and 1 is regional credit.
PROXIMITY: Shoppes of Paris is located across the street from a Walmart Super Center- the most visited retailer in the market (per Placer AI).
PROXIMITY: Shoppes of Paris is located across the street from a Walmart Super Center- the most visited retailer in the market (per Placer AI).
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,287 SF
Building Class
B
Year Built
2006
Price
$3,323,279
Price Per SF
$204.04
Cap Rate
7%
NOI
$232,630
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
2.80 AC
Zoning
Commercial
Parking
96 Spaces (5.89 Spaces per 1,000 SF Leased)
Frontage
211’ on Lamar Avenue
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 115948 | Improvements Assessment | $1,159,070 |
| Land Assessment | $592,760 | Total Assessment | $1,751,830 |
Property Taxes
Parcel Number
115948
Land Assessment
$592,760
Improvements Assessment
$1,159,070
Total Assessment
$1,751,830
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Shoppes of Paris | 3842-3850 Lamar Ave
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