Description Wendy Plaza in Downtown La Grange, in Fayette County, Texas. The Wendy Plaza is a vacant, free-standing retail/commercial building and is the youngest building available in the downtown La Grange market. Included in the sale is a highly coveted permitted, large, lighted sign.
Super location on Texas SR 71 Business (Travis ST) the primary north-south La Grange corridor with 7,900 avg daily two-way traffic. Excellent visibility near the downtown square, a thriving downtown bustling with activity.
Built in 2005, the free-standing building has 3,180 SF on 0.636 acres with 3K+ of off-street parking providing an estimated 40 parking spaces. Designed and built for the previous triple net client, Movie Gallery. We believe it will be easy to convert to multiple tenants.
Located in La Grange, the County Seat of Fayette County, the # 1 Texas and # 7 US rural County to live in. Great quality of life, low cost of living, good schools and easy proximity to Austin, College Station and Houston.
Assumable 1st loan. Also available for rent at $3,500 per month. RETAIL GAP ANALYSIS
(1) County unmet local retail demand summary. Top 10 opportunities range from $2.1M+ to $50M+ in annual potential revenues (Total $). Top 3 avg: $39M+ Total $, top 5 avg $28M+ & top 10 avg $15M+. Top 5 avg: $28M+ Total $, $3,080 an-nually per HH & $1,233 annually per person. Top 10 avg: $15M+ Total $, $1,688 annually per HH & $397 annually per person.
(2) Key top opportunities.
(a) Other General Merchandise $50M+ Total $. $5,367 annually per HH & $2,149 annually per person.
(b) Motor Vehicles & Parts $24M+ Total $. $2,590 annually per HH & $1,037 annually per person.
(c) Limited-Service Eating $4.4M+ Total $. $470 annually per HH. $188 annually per person.
(d) Building Materials, Garden Equipment & Supplies $2.7M+ Total $. $298 annually per HH. $119 annually per person.
(e) Furniture & Home Furnishings $2.4M+ Total $. $263 annually per HH. $105 annually per person.
LOCATION
(3) Two blocks southwest from downtown La Grange city-center. Directly on TX SR 71 Business (Travis ST) just two blocks south of its intersection with US HWY 77 Business (S Jefferson ST) w/ 7,790 AADT. |
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