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Wal-Mart 1715 Expressway 83 4,880 SF of Retail Space Available in Penitas, TX 78576
Highlights
- Prime frontage along Expressway 83
- Ample shared surface parking (157 spaces)
- Rapid residential and commercial growth area
- Strong visibility and high traffic corridor
- HVAC, electrical, and restroom already in place
- Ideal for retail, restaurant, medical, or service uses
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 4,880 SF | 18’ | 5 Years | $18.55 CAD/SF/YR $1.55 CAD/SF/MO $90,524 CAD/YR $7,544 CAD/MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air Conditioning
- Private Restrooms
- High Ceilings
- Finished Ceilings: 18’
- Wheelchair Accessible
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Wal-Mart
- Tenant
- Description
- US Locations
- Reach
- Cricket
- Rental and Leasing Services
- -
- -
- Domino's Pizza
- Accommodation and Food Services
- -
- -
- First Cash Pawn
- Retailer
- -
- -
- Subway
- Accommodation and Food Services
- -
- -
| Tenant | Description | US Locations | Reach |
| Cricket | Rental and Leasing Services | - | - |
| Domino's Pizza | Accommodation and Food Services | - | - |
| First Cash Pawn | Retailer | - | - |
| Subway | Accommodation and Food Services | - | - |
Property Facts
| Total Space Available | 4,880 SF | Gross Leasable Area | 30,942 SF |
| Property Type | Retail | Year Built | 2007 |
| Property Subtype | Freestanding | Parking Ratio | 5.07/1,000 SF |
| Total Space Available | 4,880 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 30,942 SF |
| Year Built | 2007 |
| Parking Ratio | 5.07/1,000 SF |
About the Property
Penitas Plaza is a well-established 100,000 SF retail center positioned directly along Expressway 83 in the rapidly growing Penitas corridor. Built in 2007 with durable masonry construction, the center offers strong visibility, easy access, and consistent traffic from both local residents and daily commuters. The property features a diverse mix of national, regional, and local tenants, creating a stable commercial environment that supports retail, restaurant, medical, and service-based businesses. The available space totals 4,880 SF and is located in-line, offering excellent exposure within the plaza. The unit includes essential infrastructure such as electrical service, HVAC, and a restroom, with a cement floor ready for tenant finish-out. The landlord can install a dividing wall if a smaller configuration is needed, but all interior improvements beyond that are the responsibility of the tenant. This flexibility allows businesses to design a layout tailored to their operational needs. With ample shared surface parking, strong frontage along a major highway, and continued residential and commercial growth in the surrounding area, Penitas Plaza provides an attractive opportunity for tenants seeking a customizable retail space in a high-demand market.
- Restaurant
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
Nearby Major Retailers
Presented by
Wal-Mart | 1715 Expressway 83
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