It is a shopping mall in one of the cities oin Southern Texas.
Description
The total area of a single-storey building is 779 m².
The plot of 3,634 m².
The mall was constructed in 2000 and now is in good overall condition.
The property is fully leased out to several tenants.
Financial performance
Absolute income is 132,727 $.
The current yield of 7,7%.
Tenants
The anchor tenant is a Texas company Spec's Family Partners.
Spec's Family Partners was founded in 1962 and currently has more than 150 branches.
The lease agreement is valid until 2023.
Location
The property is situated on the intersection of two major highways with daily traffic exceeding 27,000 vehicles.
There are several residential developments in the neighborhood, the mall also serves as the primary market for nearby cities.
