2501 Main StEuless, TX 76039
- Investment properties
- 7,140 SF
Property Details for 2501 Main St
- Year built
- 1984
- Lot size
- 0.88 AC
- Property size (Sq ft)
- 7,140 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 1905-1-C-C
- APU
- 19051CC
Description
Bear Creek Center, located at 2501 N Main St, Euless, Texas 76039, presents a compelling investment opportunity. This stabilized shopping center boasts 16,633 square feet across two single-story buildings situated on a 1.39-acre lot in Tarrant County. Built in 1984, the property currently enjoys 100% occupancy with eight units, generating a substantial net operating income (NOI) of $121,380, representing a 6.00% capitalization rate. The asking price is $2,070,000, translating to $124.45 per square foot. The property benefits from a triple-net (NNN) lease structure, minimizing landlord responsibilities. A key feature is its gas station anchor tenant, providing strong stability and consistent income. Its strategic location within a densely populated residential area ensures high foot traffic and consistent customer base. Furthermore, the property received a new roof in 2021, minimizing immediate capital expenditure needs. This turnkey investment offers a rare opportunity to acquire a well-maintained, high-performing retail asset in a prime location. The property's strong financials and desirable location make it an attractive addition to any portfolio.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,217,753
- 6.5%
- $1,124,079
- 7%
- $1,043,788
-
Comparable approach
- Method
- Valuation
- Relative Method
- $779,086
- Geo Method
- $1,874,185
-
Alternative Use
- Use
- Valuation
- Residential
- $1,393,858
- Hospitality
- $1,276,767
- Educational
- $1,062,255
- Medical
- $1,098,788
- Retail
- $1,652,397
Location Insight
- City
- Euless
- County
- Tarrant
- State
- Texas
- Latitude
- 32.8725
- Longitude
- -97.0835
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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