- At 74% occupancy, the property provides a future investor with significant upside potential through lease-up of the existing vacancies
- Excellent redevelopment opportunity in a desirable retail location in a state with no state income tax
- Property is zoned as GR, General Retail, providing for a wide range of retail uses
- Majority of tenants are on short-term/expiring leases paying far below market rents, providing a low basis for a future investor
Investment Offering
Paris, TX - Williamsburg Shopping Center
1515 Clarksville Street | Paris, TX 75460
$3,200,000
Price82,000
± SF Offering GLA6.74
± AC Land AreaDescription
Location
- The asset is adjacent to a Kroger anchored center that sits directly in the heart of the subject trade area, significantly increasing consumer traffic
- The subject property is ideally positioned less than 2-miles east of Paris Towne Center, a 299,000 SF community center anchored by Hobby Lobby and Aldi
- Other notable tenants in the trade area include Walmart Supercenter, Home Depot, Tractor Supply, CVS, Dollar Tree, and more
- Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover retail exposure to the site
- The site benefits from excellent visibility via significant street frontage and a large monument sign along Clarksville Street
- Multiple points of ingress/egress, providing ease and convenience for customers
Documents & Links
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 Offering Memorandum |  |  |
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215