Roanoke Corners

1104 & 1112 North US Highway 377 Roanoke, TX 76262

FOR SALE FOR LEASE
Property Type:
Strip Center
Amount:
$4,050,000
Last Verified:
Mar 14, 2019

Highlights


Description

Roanoke Corners is comprised of two multi-tenant retail buildings totaling 14,218 square feet in the growing Dallas-Fort Worth suburb of Roanoke, Texas. Constructed in 2001, the buildings are situated on 2.21 acres and are in line with a former Albertson’s grocery store that is currently vacant. The subject property is 100 percent occupied, and all leases are triple-net. The internet-resistant tenant base consists of Roanoke Nails, AT&T, Cinch Cleaners, Affinity Dental, Kallal LLC, Donut Paradise, and Liquor Stop.

to be added

The subject property is located on the signalized hard corner of US Highway 377 and Texas Highway 114, with multiple ingress and egress points from both highways. Traffic counts are approximately 21,330 vehicles per day on US Highway 377 and 34,000 vehicles per day on Texas Highway 114. Numerous national and regional tenants are in the surrounding area, including Sherwin-Williams, Papa John’s Pizza, McDonald’s, Starbucks, Christian Brothers Automotive, The Home Depot, Walmart Supercenter, Chili’s Grill and Bar, Pizza Hut, Pep Boys Auto Service, Wells Fargo Bank, Chase Bank, PetSmart, Dollar Tree, Sonic Drive-In, Anytime Fitness, MetroPCS, GameStop, Subway, Sally Beauty Supply, AutoZone, National Tire and Battery, CVS, Aldi, Chick-fil-A, Discount Tire, Tractor Supply Co., and many oterhs. Historic Downtown Roanoke is a short distance from the property, a popular destination for dining, boutique shopping, and entertainment over nine blocks of recently redeveloped Oak Street. The surrounding area is highly affluent with a five-mile average household income of $121,630 with a population exceeding 61,450 residents.

Roanoke is two miles south of Grapevine Lake and seventeen miles southwest of Denton in south central Denton County. It is located in an exciting growth corridor of north Fort Worth that has experienced a surge in residential and commercial expansion over the last ten years. The main east-west road through town, State Highway 114 Business, is named "Byron Nelson Boulevard" in honor of the golfer who resided in the community.


Year Built: 2001
Building Size: 14218.0sq ft
Lot Size: 2.21 acres

Units for Lease

100
Space Available: 0 SF
Lease Type: NNN

Price Per Sqft/Year: $19.23

Map of 1104 & 1112 North US Highway 377, Roanoke, TX, 76262

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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