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HEB & Walmart Shadow Anchored Freestanding 142 Truly Plz 3,119 SF Retail Building Cleveland, TX 77327 $1,247,641 CAD ($400.01 CAD/SF)
Investment Highlights
- Prominent retail location situated in HEB parking lot at the side entrance to Walmart
- 3,119 SF building located on 0.38 Acres
- Existing tenant's lease expires 1/2027 and tenant has no future options
- Ideal visibility and access located at the intersection of Cleveland's highest trafficked streets
- Former Pizza Hut building was converted to service retail business
Executive Summary
This freestanding retail property offers a highly visible location within a major retail hub in Cleveland, Texas. Positioned in the parking lot of H-E-B and adjacent to Walmart, the site benefits from strong co-tenancy and consistent customer traffic from two of the nation’s top-performing retailers. The property sits at the intersection of key commercial corridors, providing excellent connectivity to surrounding neighborhoods and regional destinations.
The building, formerly a Pizza Hut, has been converted for service retail use and is currently occupied by a tenant whose lease expires in January 2027 with no renewal options, creating a near-term opportunity for repositioning or owner occupancy. The 0.38-acre parcel provides ample parking and convenient ingress and egress for customers. This asset is well-suited for investors seeking a stable location with long-term growth potential or for an owner-user looking to establish a presence in a thriving retail trade area.
The building, formerly a Pizza Hut, has been converted for service retail use and is currently occupied by a tenant whose lease expires in January 2027 with no renewal options, creating a near-term opportunity for repositioning or owner occupancy. The 0.38-acre parcel provides ample parking and convenient ingress and egress for customers. This asset is well-suited for investors seeking a stable location with long-term growth potential or for an owner-user looking to establish a presence in a thriving retail trade area.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,119 SF
Building Class
C
Year Built
1983
Price
$1,247,641 CAD
Price Per SF
$400.01 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.38 AC
Opportunity Zone
Yes
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 005360-000015-015 | Improvements Assessment | $407,326 CAD |
| Land Assessment | $164,937 CAD | Total Assessment | $572,263 CAD |
Property Taxes
Parcel Number
005360-000015-015
Land Assessment
$164,937 CAD
Improvements Assessment
$407,326 CAD
Total Assessment
$572,263 CAD
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HEB & Walmart Shadow Anchored Freestanding | 142 Truly Plz
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