Property Name

Peachtree Crossing

GLA 25,400 SF

Percent Leased 91% Leased

Property Description

Peachtree Crossing is a 25,400 square foot retail asset located in the established submarket of Mesquite, Texas. The Property is 91.34% leased to a complementary mix of retail and service tenants including Metro by T-Mobile, Around the Clock Tax Services, Nutrizone, T Swift Fast Food, Master Kutz and Health Without Barriers, among others. Peachtree Crossing benefits from a large 3.86-acre parcel (four separate parcels with two developable pads), multiple ingress/egress points, two-sided pylon sign, parallel positioning to Military Parkway and an average suite size of only 1,411 square feet. In-place rents are only $12.26 per square foot (combination of NNN/modified gross), providing upside in raising rents, converting all leases to NNN as well as developing the available pads. Offered at an attractive 7.25% cap rate, the Property is priced well below replacement cost at $122.56 per square foot to the building and priced at $18.43 per square foot to the land. Surrounding area retailers include Walmart Mesquite Market, Days Inn, Motel 6, Enterprise, Walmart Fuel Station, 7-Eleven, Dutch Bros, Starbucks, Panda Express, Taco Bell and Sonic Drive-In among numerous others.