DALLAS, Texas — SRS Real Estate Partners has announced the successful sale of three fully occupied retail properties located in the greater Dallas market, specifically in the cities of Midlothian and Waxahachie, Texas.
The sale includes two multi-tenant properties and one single-tenant restaurant property. These transactions highlight continued investor interest in stable, income-generating retail assets.
Details of the Properties:
- Shops on Main
- Location: 661 Aspen Parkway, Midlothian
- Size: 10,238 square feet on 1.76 acres
- Tenants: Five food and service-based businesses, including Boba Tea and Coco Nail Bar, all under triple net leases (NNN).
- Buyer: A Dallas-based private investor in a 1031 exchange.
- North Grove Center I & II
- Location: Waxahachie
- 2801 N. Highway 77: A 15,641-square-foot multi-tenant retail and office property on 2.34 acres with 11 tenants.
- 2001 Enterprise: A 4,500-square-foot single-tenant property on 2.44 acres, occupied by Fish City Grill.
- Buyer: A Texas-based private family office.
- The two properties were sold as an off-market portfolio transaction.
- Location: Waxahachie
Representation and Sale
The seller, a Texas-based private family office, was represented by Michael Kaplan, Vice President of SRS Capital Markets, along with Senior Managing Principals Matthew Mousavi and Patrick Luther.
These properties, with their prime locations and strong tenant mix, offer stable cash flow and minimal landlord responsibilities, making them attractive investments.
As retail spaces in the Dallas area continue to perform well, this sale underscores the resilience and potential of the region’s commercial real estate market.