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14 Texas retail properties sold in portfolio deal14 Texas retail properties sold in portfolio dealhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=231312019-09-20T05:00:00Z2019-09-23T21:00:00Z

​​​DALLAS – A 14-property Texas retail portfolio was sold as part of a larger eight-state, 27-property deal. 

The total portfolio includes 677,979 sf of retail space with a current combined occupancy rate of 92 percent.

Properties include six grocery stores, five home improvement stores, three auto parts stores, three fitness centers, three dollar stores, two U.S. post offices, one pharmacy, and one gas station.

Nineteen of the properties are single-tenant and eight are multitenant with no more than three tenants.

The average rent for the portfolio is $6.25 per sf and $4.24 per sf after expenses.

CBRE represented the seller, Rainier Companies.​

Texas logoLooking for more information on the North Texas retail market? The Real Estate Center has got you covered:

​Source: CBRE


CBRE
Dallas-Fort Worth-Arlington
Retail
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