PETCO Plaza 3900 Lamar Ave 22 570 pi² 95% Loué Commerce de détail Immeuble Paris, TX 75462 6 398 179 $ CAD (283,48 $ CAD/pi²) 7,41% Taux de capitalisation

Colonial Commercial Real Estate, LLC is pleased to present on an exclusive basis, the opportunity to acquire Petco Plaza (the “Property”), a 22,529 square foot shopping center in Paris, Texas. This Walmart shadow-anchored center is anchored by Petco (NASDAQ: WOOF), which renewed its lease in 2024 and operates one of its main Northeast Texas locations here — with no other store within a 60-mile radius. The property benefits from consistent traffic generated by Petco, Walmart, and other surrounding national retailers, creating a stable and proven retail environment for investors.
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.