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HEB & Walmart Shadow Anchored Freestanding 142 Truly Plz 3,119 SF Retail Building Cleveland, TX 77327 $1,034,272 CAD ($331.60 CAD/SF)
Investment Highlights
- Prominent retail location situated in HEB parking lot at the side entrance to Walmart
- Former Pizza Hut was converted to hearing aid center
- Ideal visibility and access located at the intersection of Cleveland's highest trafficked streets
- Existing tenant's lease expires January 2027 with no option to renew
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
$1,034,272 CAD
Price Per SF
$331.60 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 | $407,929 CAD |
| Land Assessment | $165,182 CAD | Total Assessment | $573,111 CAD |
Property Taxes
Parcel Number
005360-000015-015
Land Assessment
$165,182 CAD
Improvements Assessment
$407,929 CAD
Total Assessment
$573,111 CAD
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HEB & Walmart Shadow Anchored Freestanding | 142 Truly Plz
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