CANTON, TX—On the first weekend of the month, thousands pour into Canton for First Monday Trade Days. This, combined with a strong tenant mix, recent renovation and adjacency to a Wal-Mart Supercenter, make for a desirable investment opportunity for a regional retail center.
Trader's Square Shopping Center, a 57,920-square foot center at 301 E. State Highway 243, recently sold at an undisclosed price with a 79% occupancy at the time of sale. Originally built in 1985, the center had a total renovation completed in 2011 with a new roof, facade and pylon sign. The lot size is 6.57 acres.
Additional terms of the sale were not released. Bryce Gissler, Will Merritt and James Mangum of STRIVE exclusively represented the seller in the transaction, a Texas private real estate investment firm.
“Trader's Square is a 16-tenant shopping center in a tertiary market. It's the best center in the area and was shadow to Wal-Mart and Tractor Supply,” Jason Vitorino, managing partner of STRIVE, tells GlobeSt.com. “The lineup includes Aaron Rents, Dollar Tree, Shoe Show, Sprint, State Farm, Sally's, Advanced America as well as others typically found in and around a Wal-Mart.”
In addition to Aaron's, Tractor Supply, Dollar Tree and Sprint, current tenants include Bealls, Factory Connection, Shoe Show, H&R Block, Advance America and Merle Norman. Pad users on site include Applebee's, First American Bank, Pizza Hut and Sonic. Other surrounding retailers include CVS/pharmacy, O'Reilly's Auto Parts, Sears, Brookshires' grocery store, Hibbetts and Dollar General.
CANTON, TX—On the first weekend of the month, thousands pour into Canton for First Monday Trade Days. This, combined with a strong tenant mix, recent renovation and adjacency to a
Trader's Square Shopping Center, a 57,920-square foot center at 301 E. State Highway 243, recently sold at an undisclosed price with a 79% occupancy at the time of sale. Originally built in 1985, the center had a total renovation completed in 2011 with a new roof, facade and pylon sign. The lot size is 6.57 acres.
Additional terms of the sale were not released. Bryce Gissler, Will Merritt and James Mangum of STRIVE exclusively represented the seller in the transaction, a Texas private real estate investment firm.
“Trader's Square is a 16-tenant shopping center in a tertiary market. It's the best center in the area and was shadow to
In addition to Aaron's, Tractor Supply, Dollar Tree and Sprint, current tenants include Bealls, Factory Connection, Shoe Show, H&R Block, Advance America and Merle Norman. Pad users on site include Applebee's,
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
