RealInsight Marketplace and CBRE Capital Markets are pleased to present the sale of Hunter Plaza, a 106,034 square foot retail center located in Irving, Texas (the “Property” or the “Center”). Located in the heart of the DFW metroplex, Hunter Plaza benefits from convenient access to downtown Dallas (18 miles southeast) and Fort Worth (30 miles southwest).
The Property was constructed in 2006 and consists of four buildings along Interstate 635. Currently 89.2% occupied, the Property is anchored by Best Buy and 24 Hour Fitness with leases in-place through March 2021 and February 2027, respectively – these two national tenants combined represent over 75% of the net rentable area. The remaining inline tenants include a diverse mix of retailers such as Subway, US Coast Guard, and Active Dental. The adjacent shadow-anchor tenant, Dick’s Sporting Goods, shares the Best Buy building.
Hunter Plaza’s unique location along a main retail thoroughfare just off of I-635 and amongst several national retailers, including Walmart Supercenter, Target, Home Depot, Sam’s Club, and Kroger, allows for excellent exposure and visibility. Coupled with the significant population growth within the Irving submarket, tenant demand is mounting as there is little-to-no competitive big box vacancy in the surrounding area. Within Dallas / Fort Worth’s tightening retail market, strong net absorption and heavily preleased deliveries have caused occupancy levels to rise to an all-time high (94.6%).
The fee-simple offering presents investors with the opportunity to purchase a vibrant retail center at an attractive basis, while benefitting from significant and stable in-place cash flow and providing future upside potential through additional lease up of the remaining vacant inline spaces and renewals/extensions of existing tenants.
Auctioneer: Lamar Fisher License Number 10344
Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.
Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.
You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
1800 Market Place Blvd, Irving, TX 75063
Platform fee for this transaction is 5.00% or a minimum of $25,000.