Northstar Retail Center is a 42,040 SF grocery anchored retail center located along heavily traveled US-377 in Pilot Point, TX. The center is 92% occupied with major tenants such as Brookshire Brothers, Anytime Fitness, Pizza Hut and Golden Chick. The anchor tenant (Brookshire Brothers) recently signed a 10 year lease and invested approximately $2M on this location and is considered the most popular grocer in the surrounding area. An 8.3% CAP rate on current actuals makes this retail center an attractive investment.
In the heart of rapidly growing Pilot Point with highly visible location on US-377.
- Grocery Anchored Center with Major Tenants including Brookshire Brothers, Anytime Fitness, Pizza Hut and Golden Chick
- New 10 Yr. Lease for Anchor Tenant - Brookshire Brothers
- 8.3% CAP Rate on Current Actuals
- Built 2006
- Current Occupancy - 92%
- Highly Visible Location on US-377 (approx. 8,900 VPD)