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535 American Way
Terrell, TX 75160
Spec's Wine, Spirits & Finer Foods · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
11,021 SF
Building Class
B
Year Built
2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.00 AC
Parking
34 Spaces (3.09 Spaces per 1,000 SF Leased)
Frontage
102’ on American Way

ABOUT 535 AMERICAN WAY , TERRELL, TX 75160

This freestanding, 12,180 square foot Spec’s, is situated on a 1.69 acre outparcel to the brand new 275,000 square foot Crossroads at Terrell Shopping Center, anchored by Hobby Lobby, Academy, Film Alley, Marshall’s, Ross and Burke’s. The 255 acre development plans to ultimately add more than 1,000,000 square feet of power center, mixed-use office, hotels and multi-family to the overall development. In addition, this site is located across the street from a 60,000 square foot Buc-ee’s convenience store with more than 90 gas gumps. Buc-ee’s is a Texas institution found across the Lone Star State on major Texas interstates and highways and offers products found at most convenience stores as well as Texas themed gifts, a deli, beef jerky and products catering to hunters and river rafters. All Buc-ee’s are open 24 hours per day, 365 days per year. The lease will have 15 years of lease term upon rent commencement with 10% rent increases every five (5) years in the primary term. The Tenant will be responsible for all day-to-day maintenance of the property as well as taxes and insurance. Landlord’s responsibilities are limited to roof, structure and foundation making for a passive investment.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
198667
Land Assessment
$1,329,800
Improvements Assessment
$1,495,200
Total Assessment
$2,825,000
  • Listing ID: 17542775

  • Date on Market: 10/24/2019

  • Last Updated:

  • Address: 535 American Way, Terrell, TX 75160

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