Property Name

Wayside Burleson Shopping Center

GLA 10,153 SF

Percent Leased 100% Leased

Property Description

Wayside Burleson Shopping Center is a 10,153 square foot retail asset located in the high-growth submarket of Burleson, Texas.  Positioned just southwest of Interstate 35W and right off State Highway 174 (Wilshire Boulevard), the Property is approximately 20 minutes south of Downtown Fort Worth and 40 minutes southwest from Downtown Dallas.  Wayside Burleson Shopping Center is 100% leased to a complementary tenant lineup including Taco Casa (freestanding drive-thru), Quick Wash, Justice Finance and Gracie Barra Brazilian Jiu-Jitsu.  The Property benefits from strong access and visibility with parallel positioning to State Highway 174/Wilshire Boulevard.  Additionally, Wayside Burleson Shopping Center sits on a large, 1.18-acre parcel with, multiple egress/ingress points, drive-thru and a highly-visible, two-sided pylon sign for Taco Casa.  Rents average just $20.61 per square foot NNN, providing long term upside in rent growth.  Listed at a 6.85% cap rate, the Property is priced below replacement cost at $292.23 per square foot to the building.