Listings / SHOPPES OF PARIS

SHOPPES OF PARIS 3850 Lamar Avenue, Paris, TX 75462

Price $2,809,200

Cap Rate 7.00%

NOI $196,644

Price Per SF $172

Leasable Area 16,000 SF

Year Built 2001 / R 2006

Occupancy 100%

Status available

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Broker of Record
Kyle Matthews
License No. 9005919
Matthews Retail Group, Inc
841 Apollo Street. Suite 150, El Segundo, CA 90245
(310) 919-5757

Investment Highlights:

Incredible Retail Fundamentals

Subject property sits directly across from Walmart Supercenter and benefits from phenomenal retail synergy with national tenants including McDonald’s, Applebee’s, CVS, Walgreens, Taco Bell, Starbucks, Burger King, Hobby Lobby, Panda Express, Murphy USA and more

Impressive traffic counts – this site is perfectly positioned on the Paris market’s main thoroughfare, Lamar Ave, which sees nearly 20,000 Vehicles Per Day and is located directly off the exit for I-271, which attracts nearly 18,000 Vehicles Per Day

Phenomenal location; adjacent to a flourishing neighborhood that bolsters an average household income that exceeds $79K within a 1-mile radius

 

Market & Area Highlights

Moving forward the city of Paris is expected to see an unprecedented spike in job growth that is forecasted to exceed 39% over the course of the next 10 years

Over 12,000 employees working within a 3-mile radius of the center helps to ensure constant foot traffic

Located just 2 miles away from Paris Junior College – A higher education institution that enrolls approximately 6,200 students

Paris is home to several other educational institutions within a 5-mile radius including Aikin Elementary, Paris Junior High, and Paris High School

In close proximity (just 3.3 miles) to Paris Regional Medical Center – A medical center that serves as a center for healthcare for much of Northeast Texas and Southeast Oklahoma.

 

Property & Lease Highlights

High performance strip center – Major tenants include Dollar Tree, which recently signed a brand new 10-year lease extension, proving their success at the location and commitment to this site

Professionally owned and maintained premises – high end landscaping and general upkeep, including a recently renovated parking lot