Southgate Shopping Center

Investment Overview

This 140,000 SF shopping center in Liberal presents a rare opportunity to acquire a fully stabilized, income-producing retail asset anchored by a strong regional grocer. The property is 97% occupied and generates a current Net Operating Income of $700,000 annually, offering immediate cash flow with minimal lease-up risk. The center is anchored by El Rancho Mexican Grocery Store, which serves as a primary traffic driver for the surrounding community. The tenant mix is further strengthened by nationally recognized and necessity-based retailers including Harbor Freight Tools and Galleria Furniture, creating a well-balanced blend of daily-needs retail and durable goods offerings. Originally constructed and recently renovated in 2024, the property benefits from significant capital improvements, reducing near-term maintenance concerns and enhancing long-term asset durability. The recent upgrades position the center competitively within the market while supporting tenant retention and future leasing stability. Strategically located within the primary retail corridor of Liberal, the center serves as a key shopping destination for the trade area. Its strong occupancy, diversified tenant base, and consistent foot traffic provide investors with a stable income stream and potential for long-term appreciation.