COLLEYVILE DOWNS

Colleyville Downs is an exceptional Whole Foods Market anchored retail center located in Colleyville, Tarrant County, Dallas MSA, Texas. The property totals 200,910 square feet and was 96.1 percent leased at the time of sale. The property featured a long-term 20-year lease with a newly constructed Whole Foods Market and a new 10-year lease with Petco providing a stable cash flow; as well as upside through the lease-up of the remaining 7,928 sf of vacant in-line space and a mark-to-market increase for existing below market rents. The property was built in 1988 and significantly renovated in 2012, and is located in the affluent Colleyville suburb of Dallas, which features a dense, high income ($173,186 for the city of Colleyville) and highly educated population.