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Tropical Smoothie & UPS Value-Add Strip 720 S Highway 377 13,219 SF 39% Leased 4-Star Retail Building Roanoke, TX 76262 $7,468,172 CAD ($564.96 CAD/SF) 8% Cap Rate



INVESTMENT HIGHLIGHTS
- 2021 Construction, 12,770 SF Value-Add Retail Center Opportunity on HWY 377 in the Affluent DFW Submarket of Roanoke, TX
- U.S. Highway 377, a Primary North/South DFW Thoroughfare with Connections to State Highway 114 & Highway 170
- Over 1.3 MM SF of Retail GLA & 17.5 MM SF of Industrial GLA in a 2-Mile Radius
- Tropical Smoothie Café (DYNE Hospitality Group) Largest Tropical Smoothie Café Franchisee with 124 Locations Across TX, OK, KS, AK, MO, AL, GA & FL
- Affluent Submarket with Average Household Income Exceeding $119,900 & $192,700 within a 1 & 3-Mile Radii
- Nearby National Tenant Retailers Include Starbucks, Planet Fitness, The Home Depot, PetSmart, Whataburger, & McDonalds Amongst Others
EXECUTIVE SUMMARY
Tropical Smoothie & UPS Value-Add Strip Center is a 2021 construction, 12,770 SF retail center fronting U.S. Highway 377 in the Dallas Forth Worth submarket of Roanoke, Texas. The Property is Currently leased at 39.33% with Tropical Smoothie Cafe on a 10-year lease for the 1,643 square foot drive-thru end cap, and Mirra Periodontal & Implant Center and The UPS Store in middle spaces. The Property offers upside potential through leasing the remaining 7,747 square feet of space, with 3,728 square feet of space (demisable) on the end cap. Tropical Smoothie & UPS Value-Add Strip Center benefits from strong fundamentals with its frontage to U.S. Highway 377, masonry veneer, stucco, and aluminum-framed glass storefront systems with double entry door facades, drive-thru end cap (Tropical Smoothie Cafe), highly visible two-sided monument sign, shallow-bay depth and ample parking and multiple ingress/egress points of entry. Over 1.3 million square feet of retail exists in a 2-mile radius of Tropical Smoothie & UPS Value-Add Strip Center with surrounding area retailers including Starbucks, Planet Fitness, The Home Depot, PetSmart, Whataburger, & McDonalds amongst others.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,219 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2021
Price
$7,468,172 CAD
Price Per SF
$564.96 CAD
Cap Rate
8%
NOI
$597,364 CAD
Percent Leased
39%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.98 AC
Zoning
Retail/Office
AMENITIES
- Bus Line
- Restaurant
- Signage
- Drive Thru
- Monument Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 1,800-3,800 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,800-3,800 SF | Retail | - | Now |
1st Floor
| Size |
| 1,800-3,800 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R983723 | Improvements Assessment | $3,105,952 CAD |
| Land Assessment | $1,803,848 CAD | Total Assessment | $4,909,800 CAD |
PROPERTY TAXES
Parcel Number
R983723
Land Assessment
$1,803,848 CAD
Improvements Assessment
$3,105,952 CAD
Total Assessment
$4,909,800 CAD
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Tropical Smoothie & UPS Value-Add Strip | 720 S Highway 377
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