Value Add Shopping Center - Texas | 7.35 Cap Rate

For Sale

1155 Tenaha St, Center, TX 75935

This Center property for sale is located at 1155 Tenaha St. The current listed sale price for Value Add Shopping Center - Texas | 7.35 Cap Rate is $3,822,585. Value Add Shopping Center - Texas | 7.35 Cap Rate is situated on a lot that is 5.92 square feet in size.

Contacts

Christopher Twist

Property Details

  • Property Type Other
  • Property Size 60,965 SF
  • Lot Size 5.92 SF
  • Parking Spaces Avail. 485
  • Year Built 1978
  • Date Updated Oct 5, 2026

This is an exceptional opportunity to acquire a dominant, necessity based retail center anchored by Tractor Supply Company and Goodwill at a signalized intersection in the heart of Center Texas. The property serves as a primary retail destination for the surrounding trade area with strong visibility, steady traffic, and limited competitive supply. Both Tractor Supply and Goodwill have recently extended their leases, clearly demonstrating long term commitment to the location. In place rents are well below market and below replacement cost, creating meaningful embedded upside over time. The property is located in the tax free state of Texas, enhancing after tax returns. A new roof was completed in 2024, materially reducing near term capital exposure and strengthening the overall investment profile.

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Getting around

  • 40/100

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  • 38/100

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Location

  • City Center, TX
  • Zip Code 75935

Points of Interest

  • EZ Mart

    0.49 miles

  • Super 8 by Wyndham Center

    0.25 miles

  • Best Western Plus Classic Inn & Suites

    0.26 miles

  • Hampton Inn & Suites Center

    0.43 miles

  • Holiday Inn Express & Suites Center

    0.45 miles

  • Walmart Supercenter

    0.67 miles

  • Beals

    0.80 miles

  • Brookshire Brothers

    1.48 miles

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