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PETCO Plaza 3900 Lamar Ave 22,570 SF 95% Leased Retail Building Paris, TX 75462 $6,456,130 CAD ($286.05 CAD/SF) 7.41% Cap Rate
INVESTMENT HIGHLIGHTS
- Anchor Stability – Petco Renewal (2024)
- 80% of the GLA is Leased to National Retailers
- Located on Lamar Avenue (21,431 VPD) and immediate access to NE Loop 286 (20,733 VPD)
- Shadow Anchored by Walmart Supercenter
- NOI Growth: Four of Six Tenants Lack Fixed Renewal Options
- Attractive Pricing
EXECUTIVE SUMMARY
The tenancy is comprised of approximately 80% national retailers, with an impressive average tenure of 11 years, reflecting long-standing tenant performance and commitment to the location. The center is currently 94.71% occupied, with the only vacancy being a second-generation hair salon suite that provides straightforward lease-up potential. Importantly, four of the six tenants do not have fixed renewal options, offering ownership flexibility and attractive upside for future rent growth.
Strategically positioned along Lamar Avenue, the city’s primary retail corridor, the property offers direct frontage and visibility to more than 21,431 vehicles per day (VPD), with immediate access to NE Loop 286 (20,733 VPD). A dedicated turn lane along Lamar Avenue enhances customer convenience and supports the center’s long-term viability.
This offering presents a rare opportunity to acquire a stabilized, nationally tenanted shopping center with built-in value creation potential, ideally located in one of Northeast Texas’s most active and highly trafficked retail corridors.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Now available: 1,192SF second-generation barbershop, features a well-appointed open area, back office or storage space, and a private restroom—ideal for efficient customer flow and operational ease. Located in a high-traffic center anchored by Petco, the property’s tenant mix includes Leslie’s Pool Supplies, OneMain Financial, and Metro PCS, which together provide consistent daily foot traffic and cross-shopping opportunities along Lamar Avenue. The surrounding market includes growing residential neighborhoods and retail corridors. With ±14,000 vehicles per day along Lamar Avenue, the center is well-positioned to serve service-driven, convenience, and personal-care tenants in a stable and expanding area. The Property is directly across the street from Walmart Supercenter.
| Space | Size | Space Use | Position | Available |
| 3908 | 1,192 SF | Retail | In-Line | Now |
3908
| Size |
| 1,192 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
3908
| Size | 1,192 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Now available: 1,192SF second-generation barbershop, features a well-appointed open area, back office or storage space, and a private restroom—ideal for efficient customer flow and operational ease. Located in a high-traffic center anchored by Petco, the property’s tenant mix includes Leslie’s Pool Supplies, OneMain Financial, and Metro PCS, which together provide consistent daily foot traffic and cross-shopping opportunities along Lamar Avenue. The surrounding market includes growing residential neighborhoods and retail corridors. With ±14,000 vehicles per day along Lamar Avenue, the center is well-positioned to serve service-driven, convenience, and personal-care tenants in a stable and expanding area. The Property is directly across the street from Walmart Supercenter.
NEARBY MAJOR RETAILERS
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PETCO Plaza | 3900 Lamar Ave
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