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1401 S Highway 287
Decatur, TX 76234
Prospera Plaza · Retail Property For Sale
Investment Highlights
- Fully Leased: 100% occupied asset with a strong tenant mix offering immediate in-place cash flow.
- NNN Lease Structure: All tenants operate under triple-net leases, significantly reducing ownership responsibilities.
- Stable Market Fundamentals: Located in a growing regional market with expanding residential and commercial bases.
- Diverse Rent Roll: Occupied by service-oriented and internet-resistant tenants including restaurants, beauty services, and national brands.
- Highway Frontage: Excellent visibility and signage opportunity along S Highway 287, a major thoroughfare in Decatur.
Executive Summary
Decatur Star Shopping Center (the “Property”) is a prominently located along Highway 287 in Decatur, Texas, benefiting from direct visibility and ease of access in a growing regional corridor. The Property features strong ingress and egress with frontage exposure to a major highway, supporting consistent tenant traffic and branding visibility.
Comprising approximately 25,568 square feet of gross leasable area, the Property is 100% occupied across a mix of diverse local and regional tenants. This multi-tenant retail center offers investors a stabilized income-producing asset with long-term lease commitments in place. The rent roll is supported by triple-net (NNN) leases, minimizing landlord responsibilities and ensuring predictable cash flow.
The Property’s highway frontage, full occupancy, and position within an established trade area support durable cash flow and long-term investment stability. These fundamentals, combined with Decatur’s steady growth and limited competitive supply, provide downside protection and sustained investor appeal.
Comprising approximately 25,568 square feet of gross leasable area, the Property is 100% occupied across a mix of diverse local and regional tenants. This multi-tenant retail center offers investors a stabilized income-producing asset with long-term lease commitments in place. The rent roll is supported by triple-net (NNN) leases, minimizing landlord responsibilities and ensuring predictable cash flow.
The Property’s highway frontage, full occupancy, and position within an established trade area support durable cash flow and long-term investment stability. These fundamentals, combined with Decatur’s steady growth and limited competitive supply, provide downside protection and sustained investor appeal.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
25,568 SF
Building Class
C
Year Built/Renovated
2008/2021
Price
$10,351,950 CAD
Price Per SF
$404.88 CAD
Cap Rate
7.24%
NOI
$749,909 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
3.06 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial Business District
Parking
148 Spaces (5.78 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Freeway Visibility
- Property Manager on Site
- Pylon Sign
- Restaurant
- Tenant Controlled HVAC
- Wheelchair Accessible
- Monument Signage
- Fiber Optic Internet
- Smoke Detector
Property Taxes
| Parcel Number | D2339010100 | Improvements Assessment | $5,101,526 CAD |
| Land Assessment | $1,087,774 CAD | Total Assessment | $6,189,300 CAD |
Property Taxes
Parcel Number
D2339010100
Land Assessment
$1,087,774 CAD
Improvements Assessment
$5,101,526 CAD
Total Assessment
$6,189,300 CAD
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