Gorman Plaza

Jones Lang LaSalle (“JLL”) is pleased to offer the exclusive opportunity to purchase Gorman Plaza (the “Property”), a strip retail center in Pleasanton, Texas, south of San Antonio. The Property is ideally located on Texas Highway 97, the main retail corridor in Pleasanton. The Property is also conveniently positioned between a Walmart Super Center and H-E-B grocery store, thus benefitting from the increased traffic and regional draw of these retailers to the corridor. Gorman Plaza’s prominent location has lead to heightened visibility, with close to 23,000 vehicles passing the Property per day. The 18,000-square-foot asset is currently 89% leased to internet-proof and service-oriented tenants, 71% of which are nationally owned and operated. Altogether, the Property has historically demonstrated a durable rent roll, with occupancy rates averaging 96% since it was developed in 2015. With 3.8 years of remaining average lease term, 6.1 years of average lease tenure, and 2,033 square feet of existing vacancy, Gorman Plaza offers investors a rare opportunity to acquire a value-add investment opportunity that also offers existing stable cash flows within a market that has consistently demonstrated strong retail demand.