INVESTMENT OPPORTUNITY
SAB Capital is pleased to present Shoppes of Paris, a fully-occupied shopping center anchored by Dollar Tree located in Paris, Texas. The property is located in a dense retail corridor with over 1 million square feet of retail within 1 mile, including a Walmart Supercenter directly adjacent. The investment includes an additional 6.8 acre parcel of land located directly behind the property.
- Shoppes of Paris in Paris, TX | 5-Tenant Retail Strip Center Anchored by Dollar Tree
- Limited Landlord Responsibilities | Tenants All Reimburse For CAM, Real Estate Taxes, and Insurance
- Dense Trade Area | Over 1M Square Feet of Retail Space Within 1 Miles of the Subject Property
- Recent Extension | Cash Store Recently Exercised it’s 5-year Option
- Long Term Tenancy | 5 of 6 Tenants (91% of GLA) Has Occupied the Center Since 2014 Or Earlier
- Located Across the Street From a High Performing Walmart Supercenter | Ranks in the 98th Percentile in Terms of Visits in the United States
- Subject is Located Less Than 1,000 Feet From an Entrance/Exit Ramp Onto/Off State Route 271 | Increased Traffic Flow
- Investment Would Include an Additional 7-Acre Parcel of Undeveloped Land | General Commercial Zoning
- Active Industrial Trade Area | Frito-Lay Operates a Facility Directly Behind the Property Among Other Local Manufacturers and Suppliers
- National Retailers Nearby the Subject Include: Walmart, Taco Bell, McDonald’s, Applebee’s, Petco, Starbucks, Burger King, Panda Express, Valero and Many Others
Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
---|---|---|---|---|---|
Various | $3,550,328 | 7.05% | NN | 16,000 | Available |