Property Name

Rufe Snow Plaza

Location
242 Rufe Snow Drive
Keller, TX 76248
Price
$
5,592,000
NOI
$
355,093
Occupancy
100
%
Cap Rate
6.35
%
GLA
12,094 SF
Lease Type
NNN
Year Built
2018
OM
Description

▪ Income Upside on Lease Renewals with Average Rent of $29.36 PSF NNN which is At or Below Market Rents; Comparable Retail Space Leasing in the $35 - $45 PSF NNN Range
▪ Newly Signed, 10-Year Leases with Fresh Monkee (Healthy Protein Shakes Concept with 70 Locations across the US) & Degree Wellness (Premier Self-Care & Wellness Experience Concept with 100+ Locations)
▪ Strong Fundamentals with 1.70-Acre Parcel, Shallow Bay Depth, Average Suite Size of 1,735 SF, Three (3) Patios, Multiple Ingress/ Egress Points
▪ Excess Parking with 70+ Spaces in Addition to Reciprocal Parking Agreement with Moviehouse & Eatery by Cinépolis (300+ Parking Spaces)
▪ Nearby National Tenant Retailers Include Movie House & Eatery by Cinepolis (400K Annual Visitors), Chick-Fil-A, Starbucks, CVS Pharmacy, McDonald’s, Wells Fargo Bank & Chase Bank Amongst Others
▪ Adjacent to Major Grocers Kroger & Tom Thumb, in a Primary Retail Corridor with 2.4MM+ SF of Retail GLA in a 2-Mile Radius

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