Property Name

Schlotzsky's Gainesville Retail Center




GLA 14,296 SF

Percent Leased 100% Leased

Property Description

Schlotzsky’s Gainesville Retail Center is a 14,296 square foot multi-tenant retail asset located along Interstate 35 in the North Texas submarket of Gainesville, Texas.  The Property is positioned on 1.73 acres of land off Interstate 35, with traffic counts in excess of 38,200 vehicles per day, approximately 1 hour northwest of Dallas and 50 minutes north of Fort Worth.  Schlotzsky’s Gainesville Retail Center is 100% leased featuring a compelling tenant line up of Schlotzsky’s, Sport Clips, Baylor Scott & White, Villa Grande Mexican Restaurant, Health Well TX and Tile Liquidators. Built in 2017, the Property benefits from a drive through end cap for Schlotzsky’s, partial masonry construction, parallel positioning to the highway, shallow bay depth, outdoor patios for Schlotzsky’s and Villa Grande Mexican Restaurant, an average suite size of 2,383 SF and a large, highly visible 2-sided pylon sign.  Four of the six tenants experience built-in rent escalations during their primary lease terms with an average base lease term expiration of January 2028. Additionally, rents average $26.04 PSF NNN. Notable restaurants in the immediate area include Starbucks, McDonald’s, IHOP, Chili’s Grill & Bar, Sonic Drive-In, Braum’s Ice Cream & Dairy Store, RibCrib BBQ, and Dairy Queen amongst others.  
 


OM