Summary

Valley Ranch Centre, a 117,187 square foot shopping center, is located in the city of Coppell within the Valley Ranch master-planned community. The property, which was developed in stages from 1989 through 1997, is positioned on a hard corner at the intersection of MacArthur Boulevard and Belt Line Road. At the time of acquisition the shopping center was 88% occupied. The property provides strong going-in returns with additional upside potential through the lease-up of existing vacant space.

Tom Thumb, the grocery-anchor, occupies 48% of the center under a long term lease. The property supports a well balanced tenant roster that offers a wide variety of services ranging from restaurants, medical services, financial services and personal service stores.   The center’s upside potential recently increased when city voters approved wine and beer sales in grocery stores, jump-starting a competitive advantage for Tom Thumb over its peers in the neighboring City of Irving.