701 White StAnna, TX 75409

Property Details for 701 White St

Year built

2003

Lot size

1.44 AC

Property size (Sq ft)

14,625 SF

Property type

Commercial real estate

APN

R-8992-00A-0020-1

APU

R899200A00201

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $3,686,593

  Hospitality

  $3,376,899

  Educational

  $2,809,540

  Medical

  $2,906,165

  Retail

  $4,370,396

Location Insight

City

Anna

County

Collin

State

Texas

Latitude

33.344

Longitude

-96.557

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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