Private Buyer Acquires 7,009 Square Foot Retail Center In Mansfield From Clay Pickering For New Lease
2411 East Broad Street
Building Size
7,009 SF
Asset Type
Retail
Closing
Sep 14, 2026
About this deal
AI
The property involved in the transaction is a newly built retail center located at 2411 East Broad Street in Mansfield, TX. The asset encompasses 7,009 square feet and is situated on 1.03 acres of land. It is fully leased to three tenants: Beans & Brews, Grain & Berry, and Rotolo’s Pizzeria, all under new 10-year triple-net leases.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 2411 East Broad Street
- Market: Mansfield, TX
- Square Footage: 7,009
- Acres: 1.03
- Seller: Clay Pickering - The Retail Connection
- Seller's Representative: Philip Levy - Marcus & Millichap
- Buyer's Representative: Sergio Santiago - P5 CRE Group
The buyer plans to hold the property long term, indicating a strategy for sustained investment in this retail center. This transaction was facilitated by the involvement of respective representatives for both the buyer and seller, helping navigate the complexities of the deal.
On the Map
Retail
View full map
Players
Plummer Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Plummer retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93