701 White St Anna, TX 75409

Anna Plaza, a 14,625 square foot retail center in Anna, Texas, presents a compelling investment opportunity. Located on White Street, the primary east-west thoroughfare, this single-story, 2003-built property boasts 100% occupancy across nine units. The center benefits from high traffic counts (over 17,000 vehicles daily) and excellent visibility, serving Anna and the surrounding areas. Currently generating a 6.04% cap rate and $319,994 NOI, a pro-forma analysis projects a 6.57% cap rate and $348,324 NOI. The property features a mix of regional and local tenants with below-market rents averaging $21.89 per square foot, offering significant value-add potential upon lease expirations. The asking price is $5,300,000, translating to $362.39 per square foot. Built-in rent growth is present, with 77% of the gross leasable area (GLA) having 3% or 5% annual increases. The property sits on a 1.44-acre lot and features full NNN leases, minimizing landlord responsibilities. Anna is experiencing rapid growth, making this a prime location for retail investment in Collin County, one of the fastest-growing counties in the United States. This stabilized investment offers a unique blend of current income and future upside potential.