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The Shoppes at Allen Heights | Allen, TX

1206 E Main Street, Allen, TX 75002

Description

 

- The Shoppes at Allen Heights includes two retail buildings 1206 E Main St (14,322 square feet) and 1210 E Main St (26,127 square feet) that is 40,449 square feet total gross leasable area.
- Currently 69.77% occupied and rent is below market rent upside potential.
- The Property is situated in a significantly high growth area. Surrounded by a number of new retail developments and master- planned single-family communities.
- Average household income is over $100,000 and $120,000 within one and three miles radius respectively.
- Population is over 18,000 and 77,000 within one and three miles radius respectively.

Shoppes at Allen Heights
Retail Property

Price: $

Gross Leasable Area: 39,007 SF

Price/SF: $

Property Type: Retail

Property Sub-type: Strip Center

Property Use Type: Net Lease Investment with 8 years left on lease

Cap Rate: 6.50%

Occupancy: 70%

No. Stories: 1

Tenancy: Multiple

Year Built: 2005

Lot Size: 3.94 SF

Listing ID: 19463498

Last Updated: 21 days ago

Additional Information

- The property is located at the SWC of Allen Heights Drive and E. Main Street in Allen, Texas. It' s approximately two miles east of North Central Expressway (HWY 75), Allen' s Technology District and one mile from Allen High School and Allen Eagles Stadium.
- Nearby retailers include Allen Heights Dental, Pure Movement Dance School, Allen Community Theatre, Domino Pizza, Blue Sky Sports Center, Auto Zone, Dollar General, Braum' s, Taco Casa, Texas Family Fitness, Cici' s Pizza, KFC among others.

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